Markets continue to be mixed ahead of the long awaited comments from Fed Chairman Bernanke Friday sees the Bernanke Jackson Hole speech at 14:00 GMT. Markets await what he says on QE3 but less likely he says or gives the QE -3 soon may be he likes to wait for a bit longer then investors/traders thinks. News from the Eurozone German Chancellor Merkel has requested the Italy and Spain to delay their request for bailouts so we expect a spike in the currencies before a good sharp correction . we advise our fellow traders stay side line or don`t trade without a stop loss for today.
1- EUR/USD (last 1.2505)
Support:
1.2464 (S1)
1.2377 (S2)
1.2345 (Major Sup)
Resistance:
1.2547(R1)
1.2657(RR)
1.2705 (RRR)
STRATEGY
Trend Bullish till it is hold above 12340
Day Trader
Short@12639/66 Stop@12679 Tgt 12516
Parked Orders
Long @12377 Target 12487 Stp@12344
CABLE (15788)
Support:
1.5732 (S1)
1.5683 (SS2)
1.5623 (Major Sup)
Resistance:
1.5886
1.5933 ( Res)
16060 (**Major Resistance)
STRATEGY BOD
Trend side ways short term bearish
Day Traders
PARKED ORDERS
short@15933 stp@15959 tgt 15868
Long@15662 stp@15627 tgt open
Mid term
Buy near 15570 is area stop@15537 Target 16098
Yen (7852)
Support:
78.25 (S1)
77.87 (S2)
75.86 (Major Sup)
Resistance:
79.66 (R1)
8055 (June’29 high)
8122 (RRR3)
Trend – Short term lower Mid Term Higher towards 8330
MID term
Long@7845 stop@7777 tgt open (filled and holding)
BOD (Buy on dips for we are expecting a sharp rise towards 8330)
Swiss (9594)
Support:
9542 (S1)
9467 (SS2.)
9380 (Major Sup)
Resistance:
9637 (Res1)
9677 (RR2)
9806 (RES3 High placed on 24 July)
Strategy Side Line
Buy/Long
Day trade
(Futures swiss buy@10349 stp@10331 tgt 10454
Mid term
Side line before Any clear direction
Sep Futures Cad $ (10028)
Flat
Support:
.10004 (S1)
.9984 (Sup2.)
.9900 (Major Sup)
Resistance:
10115 (R)
1.0165 (Res2)
1.0233 (Res3)
Day TRADER
BOD near 10015 Stp@9989 Tgt open
Ausie $ (10307)
Support:
1.0277 (S1)
1.0244 (Sup2.)
1.0185 (Major Sup)
Resistance:
1.0368 (Res1)
1.0405 (Res2)
1.0455 (Res3)
Trend - Flat
Strategy
Wait for RBA meeting before that just Day trade
GOLD (1656)
Strategy BOD (Buy on Dips)
Support:
1649 (S1)
1632 (S2)
1618 (Major Sup)
Resistance:
1677 (Res2)
1698* (Res3)
1718* (Res3)
Buy near 1612 zone stop@1607 tgt 1695
High Risk Trader
Short@1633.7 Stp@1628.7 Tgt 1667
SILVER (3040)
Flat
Support:
3022 (S1)
2968 (s2)
2848 (Major Sup)
Resistance:
3107 (Res)
3155 (RR)
3233 (Major resistance)
Strategy
Trade short@3155/61 stop@3172 tgt 2966
Buy@2877 stp@2856 tgt open
Short@3228 stp@3242 tgt 3041
ES (MINI Sp500) (1399)
Trend Flat
Strategy Sos Short on strength
Support:
1391 (S1)
1381 (s2)
1366 (Major Sup)
Resistance:
1414 (RR)
1436 (Major resistance)
1455**********
Strategy
short@1417 stop@1421.25 tgt open
Crude OIL OCT (9493)
Strategy
Support:
9400 (S1)
9334 (S2 projected swing low on time and Price cycle)
9214 (Major Sup)
Resistance:
9630 (Res)
9752 (Res2)
9812 (Major resistance)
Strategy
Short@9679 stp@9718 tgt 9365
buy@9216 stp@9177 tgt open
Time line For ----
No time line for Today
