Market Scenario 1: Long positions above 0.7721 with target @ 0.7764.
Market Scenario 2: Short positions below 0.7746 with target @ 0.7684.
Comment: The pair trades steady near pivot point 0.7721.
Supports and Resistances:
R3 0.7844
R2 0.7801
R1 0.7764
PP 0.7721
S1 0.7684
S2 0.7641
S3 0.7604
Market Scenario 1: Long positions above 138.74 with target @ 139.51.
Market Scenario 2: Short positions below 138.74 with target @ 138.17.
Comment: The pair jumped and challenges resistance level at pivot point 138.74.
Supports and Resistances:
R3 140.85
R2 140.08
R1 139.51
PP 138.74
S1 138.17
S2 137.40
S3 136.83
Market Scenario 1: Long positions above 1.1235 with target @ 1.1321.
Market Scenario 2: Short positions below 1.1235 with target @ 1.1175.
Comment: The pair advanced and tries to break pivot point 1.1235.
Supports and Resistances:
R3 1.1467
R2 1.1381
R1 1.1321
PP 1.1235
S1 1.1175
S2 1.1089
S3 1.1029
Market Scenario 1: Long positions above 191.79 with target @ 192.35.
Market Scenario 2: Short positions below 191.37 with target @ 190.81.
Comment: The pair weakened and fell near 191.50 level.
Supports and Resistances:
R3 193.33
R2 192.77
R1 192.35
PP 191.79
S1 191.37
S2 190.81
S3 190.39
Market Scenario 1: Long positions above 1.5539 with target @ 1.5612.
Market Scenario 2: Short positions below 1.5481 with target @ 1.5481.
Comment: The pair dropped near 1.5500 level.
Supports and Resistances:
R3 1.5743
R2 1.5670
R1 1.5612
PP 1.5539
S1 1.5481
S2 1.5408
S3 1.5350
Market Scenario 1: Long positions above 123.45 with target @ 123.77.
Market Scenario 2: Short positions below 123.45 with target @ 123.09.
Comment: The pair managed to break pivot point 123.45 and now trades neutral above it.
Supports and Resistances:
R3 124.45
R2 124.13
R1 123.77
PP 123.45
S1 123.09
S2 122.77
S3 122.41
Market Scenario 1: Long positions above 1180.00 with target @ 1184.50.
Market Scenario 2: Short positions below 1176.40 with target @ 1171.90.
Comment: Gold prices begun the week on a negative note as investors stay cautious ahead of the FOMC rate decision due on Wednesday.
Supports and Resistances:
R3 1192.60
R2 1188.10
R1 1184.50
PP 1180.00
S1 1176.40
S2 1171.90
S3 1168.30
Market Scenario 1: Long positions above 59.57 with target @ 60.10.
Market Scenario 2: Short positions below 59.20 with target @ 58.67.
Comment: Crude oil prices declined on MCX on account of weak trend in Asian market as dealers fretted over a collapse in Greece's debt talks and a possible return of Iranian supplies disrupted by global sanctions.
Supports and Resistances:
R3 61.37
R2 61.00
R1 60.47
PP 60.10
S1 59.57
S2 59.20
S3 58.67
Market Scenario 1: Long positions above 54.803 with target @ 55.466.
Market Scenario 2: Short positions below 53.634 with target @ 52.971.
Comment: The pair trades neutral near 54.000 level.
Supports and Resistances:
R3 57.298
R2 55.466
R1 54.803
PP 53.634
S1 52.971
S2 51.802
S3 49.970
