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The Reports The Intra-Day Market Reports are designed to meet the needs of those who require reliable comprehensive in-depth but brief market data from a well respected professional source. |
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Precious Metals - Example Reports These are examples of our morning reports for three days from Thursday May 19th 2005. This is just a snapshot of the data to give you an idea of the tone and feel of the information that we provide. The best way to evaluate the reports is to sign up for a free trial Daily Gold
While medium to longer term trends continue to flatten out with current weakness still viewed as part of a broad and choppy trading range, key support at 414.00/50 is likely to be strongly challenged in the coming sessions. A clear and sustained break beneath here would complete a more serious top and set values on course to test the 400.0 and eventually 370.0 regions. However, local support should now be uncovered around 418.00/50 although immediate recovery attempts should now be restricted by resistances waiting at initially 429.00/50 then 432.50/00. TRADING STRATEGY: Will continue to monitor corrective bounces for opportunity to re-establish shorts. Daily Silver
While underlying technical studies continue to deteriorate with lower targets readable in the coming weeks, key nearby support in and around the 680/85 area is currently being approached from where short term corrective action is possible ahead of resuming the developing downward cycle. However, local resistances wait at initially 720/25 then 735/40 and unless this latter area can be regained would expect eventual breaks beneath 680 to trigger falls nearer to the 640/45 and eventually 620/25 areas ahead of renewed demand being uncovered. TRADING STRATEGY: Will look to re-establish shorts at better levels in the days ahead. Disclaimer: The data shown and the views expressed on the sheet are for information purposes only and do not constitute recommendations to trade. Vision Economics Ltd does not accept any responsibility for loss or damage through any actions taken or not taken as a result of reading any information provided. |