Gold futures continued to consolidate in the region of maxima

by admin on July 23rd, 2009

During a positive opening on Thursday futures for RTS index (RTS-9.09, RIU9) resistance in the area reached 97 000 points.

At the moment we recommend that you play with the foot of sales above 98 000 points. The main resistance is located in the vicinity of 100 000 points.

On reaching the area 95 000 points are possible purchase with the foot below the 94 000 points. Breakdown of support to 94 000 may lead to the achievement of district 90 000-91 000 points.

According to futures on the euro-dollar (ED-9.09, EDU9) suggest that play from the sales with the foot above 1.425-1.43. The purpose of sales - 1.4-1.41. Exit above 1.43 is likely to lead to an increase in the region 1.45-1.46. When playing from the shopping we recommend placing a stop below 1.41-1.415.

Futures on the dollar-ruble (Si-9.09, SiU9) is still trading near support at 31 300, which provides an opportunity for shopping with a close stop order. The objectives of growth - 31 700 32 000 32 300.

As oil futures varieties Brent (BR-8.09, BRQ9) may bear on the stop order above $ 68. Immediate objectives are to reduce the area of $ 65, $ 63. In the case of games from shopping stop on the long positions can be placed below $ 65.

Futures on gold (GOLD-9.09, GDU9) continued consolidation in the region of maxima. In the case of sales of the game we recommend placing a stop above $ 960. Stop by the long positions can be below $ 940.

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