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Wed, Nov 4 2009, 06:05 GMT

AceTrader

*******************************************************
Update Time:     03 Nov 2009 15:18GMT
EUROPEAN CLOSING EUR/GBP OUTLOOK - +0.8960+

Euro's intra-day selloff fm 0.9061 suggests the
correction fm last week's 0.8912 low has possibly
ended there n consolidation with downside bias re-
mains for weakness twd 0.8955/60, however, break is
needed to add credence to this view, 0.8930 later.

Trade fm short side with stop as indicated, abv
wud prolong choppy trading n risk 0.9022...

   Rate:     +0.8960+
   Strategy:     +Target met+
   Position:     Short at 0.8985
   Objective:     0.8960
   Stop-Loss:     
   Resistance:     0.9022/0.9061/0.9135
   Support:     0.8952/0.8930/0.8912
*******************************************************
Update Time:     02 Nov 2009 15:04GMT
WEEKLY SPOT GOLD OUTLOOK - +1060.00+

Although gold's retreat after the rebound fm
1027.10 to 1047.70 suggests consolidation is seen,
if our view that decline fm this month's record top
at 1069.30 has formed a temporary low there holds
true, downside shud be ltd n another corrective
rise is seen, abv 1047.70 wud extend to 1055.40 n
1060.00 but 1069.30 shud remain intact.

Trade fm long side n only below 1027.10 wud risk
stronger retracement of LT uptrend twd 1015/1020...

   Rate:     +1060.00+
   Strategy:     +Target met+
   Position:     Long at 1035.00
   Objective:     1060.00
   Stop-Loss:     
   Resistance:     1069.30/1077.20/1087.00
   Support:     1042.30/1027.10/1023.20
*******************************************************
Update Time:     03 Nov 2009 10:05GMT
INTRA-DAY EUR/JPY OUTLOOK - +131.90+

Euro's intra-day selloff below 132.78 (now res)
suggests the correction fm y'day's 131.01 low has
ended earlier at 134.52 n downside bias is seen for
weakness to 131.90/00, however, nr term o/sold con-
dition wud limit decline n risk rebound later.

Sell at market n only abv 132.78 (prev. sup) wud
indicate intra-day low is possibly made, 133.10/20.

   Rate:     +131.90+
   Strategy:     +Target met+
   Position:     +Short at 132.42+
   Objective:     131.90
   Stop-Loss:     
   Resistance:     132.78/133.06/133.60
   Support:     131.58/131.01/130.50
*******************************************************
Update Time:     03 Nov 2009 08:04GMT
INTRA-DAY EUR/JPY OUTLOOK - +132.85+

Euro's intra-day retreat fm 133.97 suggests
further consolidation below y'day's 134.52 high wud
be seen with downside bias for weakness to minor
sup at 132.78, however, reckon 132.30/35 limit weak
ness n bring rebound.

Sell at market with stop as indicated, break
wud prolong choppy trading n risk 133.97...

   Rate:     +132.85+
   Strategy:     +Target met+
   Position:     Short at 133.18
   Objective:     +132.85+
   Stop-Loss:     
   Resistance:     133.97/134.52/135.21
   Support:     132.78/131.58/131.01
*******************************************************
Update Time:     03 Nov 2009 07:50GMT
INTRA-DAY GBP/USD OUTLOOK - +1.6300+

Present selloff at European opening suggests
erratic fall fm last week's high of 1.6605 has pos-
sibly resumed n below 1.6328 wud extend weakness
twds 1.6285, however, as broad outlook remains con-
solidative, reckon 1.6251 sup wud hold fm here.

Sell at market with stop as indicated, break
wud risk gain to 1.6399...

   Rate:     +1.6300+
   Strategy:     +Target met+
   Position:     +Short at 1.6341+
   Objective:     +1.6300+
   Stop-Loss:     
   Resistance:     1.6355/1.6399/1.6438
   Support:     1.6285/1.6251/1.6201
*******************************************************
Update Time:     03 Nov 2009 07:50GMT
INTRA-DAY EUR/GBP OUTLOOK - +0.9055+

Euro's intra-day firmness after rebounding fm
0.9000 suggests further consolidation abv 0.8912
(last week's high) wud be seen with upside bias for
re-test a y'day's high at 0.9053 n break there wud
bring stronger retracement to 0.9069.

Buy dips with stop as indicated, below prolongs
choppy trading n risks weakness to 0.8980/85.

   Rate:     +0.9055+
   Strategy:     +Target met+
   Position:     +Long at 0.9025+
   Objective:     +0.9055+
   Stop-Loss:     
   Resistance:     0.9069/0.9135/0.9190
   Support:     0.8990/0.8952/0.8930
*******************************************************

Published on  Wed, Nov 4 2009, 06:05 GMT

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