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Recent Recommended Trades

Fri, May 30 2008, 04:02 GMT
by AceTrader Team

AceTrader


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Update Time:     29 May 2008 15:53GMT
SPOT SILVER DAILY OUTLOOK - 16.70

Despite silver's anticipated weakness, o/sold
condition shud limit downside to 16.49/55 n risk fm
there has increased for a corrective bounce later.

Exit short at 17.06 n stand aside. Abv 17.07
(prev. sup) signals temp. low made n risk 17.25/30.

   Rate:     16.70
   Strategy:     Exit short
   Position:     Short at 17.06
   Objective:    
   Stop-Loss:    
   Resistance:     17.07 / 17.25 / 17.63
   Support:     16.67 / 16.49 / 16.35
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Update Time:     29 May 2008 15:51GMT
SPOT GOLD DAILY OUTLOOK - +875.00+

Current breach of 889.70 (now res) signals recent
decline has resumed, further weakness to indcated
obj. is seen but reckon 870.00 wud hold fm here.

Sell at market with stop as suggested, break wud
risk gain twd 894/895 b4 down...

   Rate:     +875.00+
   Strategy:     +Target met+
   Position:     +Short at 885.50+
   Objective:     875.00
   Stop-Loss:    
   Resistance:     889.70/894.50/904.30
   Support:     875.00/871.30/863.25
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Update Time:     29 May 2008 16:13GMT
DAILY USD/CHF OUTLOOK - +1.0500+

Outlook is similar to euro, dlr's rally abv res
at 1.0425 (y'day's high) signals upmove fm 1.0216
low to retrace recent decline remains in progress n
gain twds 1.0520/25 wud be seen, however, reckon
1.0573 wud hold fm here due to o/bot condition.

Trade fm long side, stop as indicated, break
wud risk weakness to 1.0375/80 b4 up...

   Rate:     +1.0500+
   Strategy:     +Target met+
   Position:     Long at 1.0439
   Objective:     1.0500
   Stop-Loss:    
   Resistance:     1.0499/1.0526/1.0573
   Support:     1.0398/1.0356/1.0311


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