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Review for 21st  December 09

MARKET Analysis Report

December 21st, 2009
From Sujith S S [Technical Analyst, www.activeintl.com]
OUR SERVICE DETAILS, Paid Trading Tips
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PRECIOUS METALS REPORT

  1. Gold

Dec 21=> Chart Analysis shows 1094 support as recent bottom. As long as 1081 stays long term bulls are still alive. Immediate support seems at 1104-1093-1088 while a break of resistance 1127 can press accelerator to upside move. Active International trading tips service says this, Start accumulating buy positions in “pyramid strategy” with over all sl at 1070 with tgt above 1170”.  Risk is worth the target !

Are you in a Trade?
Buyer >> Set stoploss 1088(safe), 1104(risky).
Seller >> Set stoploss 1143(safe)-1027(risky).

For exact Entry, Stoploss, Target And direction with risk-reward ratio 1:1, Join our service   For Instant Q&A, Free chat room
    2. Silver                                                                                              

Dec 21=>Technical analysis on chart shows good resistance at 17.57 $ Bulls need to punch hard at this level and give a convincing daily close. However active International silver analysis team doesn’t recommend shorting anywhere. Silver is fundamentally undervalued when looked into supply-demand +production cost. So bandwidth for silver to go low is feeble while a rocket to upside cannot be rules out.

 Are you in a Trade?

Buyer >> Set stoploss 16.89(safe)-17.12 (risky)
Seller >> Set stoploss 17.52(safe)-17.38 (risky)

FOREX REPORT

 GBP/USD

Dec21=>Activeintl sees a support at 16000. Active suggests you to go into a buy mode with strict sl at 16000 levels. And let’s be aware that a break of 16000 level can show a mammoth fall till 15600 levels.

  • Support:1.6090-1.6005
  • Resistance:1.6253-1.6422
  • Recommendation: Sell on rise. 16338 is sl.

EUR/USD

Dec 21=>Positional chart analysis shows a possible drop till 13100 levels for euro. Active International says it from analysis on Monthly chart levels.  

  • Support: 1.4345-1.4300
  • Resistance: 1.4490-1.4550
  • Recommendation: buy with stop loss below 1.4250 (Exact trade is given for subscribed clients.)

EUR/JPY

Dec 21=> active International trading tips service sees a big resistance at 12992 and good slanting trend line support at 12850.

  • Support 129.20-128.90
  • Resistance130.00-130.50
  • Recommendation: sell on rise with sl above 1300 resistance. For exact trade; PAID SERVICE

USD/JPY

Dec21=> As activeintL stated on dec 11; 9045 levels came to fill in the gap. Now where will usd/jpy go? Immediate support is at 9000. To know more

Dec11=>A gap at 9045 is still pending. Slowly its rising towards that levels. Safe stoploss recommended is 8750.  

  • Support; 89.65 -89.35
  • Resistance: 90.75 -91.30
  • Usd/jpy Recommendation: Keep stop loss above 91.70, n sell

USD/CAD

Dec21=>Active sees a buy on dip for the day. And moreover usd index should hit 80 before 72 is crossed below. MARK IT !

  • Support: 1.0615- 1.0575
  • Resistance: 1.0660- 1.0710

ENERGY

CRUDE OIL

Dec 21=> 68 $ is next support in crude. ActiveintL expect a drop back to make new levels.

Support 73.50 72.25
Resistance 75.00 -76.10

Natural Gas

Nov25=>Current channel support is at 4.01 and resistance at 5.12. Sell n rise is strategy to be applied.

As long as 3.66 is holding, we expect a new high for the year.