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Gold held our selling opportunity at 1311/13 in the end (unexpectedly I admit), breaking 1308/07 to hit 1303.

Silver still holding first support at 1563/60 after we wrote: This is the only level to risk a long....

Gold best support of the day at 1303/1301. Try longs with stops below 1299. A break lower is a sell signal targeting 1295/94.
Minor resistance at 1307/08 but 1313/14 is more of a challenge. Above 1316 is a short term buy signal targeting 1319, 1323 & a selling opportunity at 1324/26.

Silver holding support at 1563/60. This is the only level to risk a long (and it is working), with stops below 1555. A break lower targets 1542/40 & support at 1530/28. 
Holding 1563/60 targets 1573 then quite strong resistance at 1583/86 for profit taking. (We topped exactly here). Could be worth trying shorts with stops above 1593. A break higher targets 1600 before a selling opportunity at 1618/22.

WTI Crude topped exactly at first resistance at 5270/80 & collapsed. We wrote: Failure to beat first resistance at 5270/80 targets 5240/30 before the low at 5185/80. A break lower targets 5140/30...

We bottomed exactly here & shot higher to resistance at 5270/80.

WTI Crude try shorts at 5290/5300 with stops above 5320, but resistance at 5340/50 should also be a big challenge. Further gains target 5370/80 & 5400.

Minor support at 5240/30 but below here targets 5185/80 before the low at 5140/30. We should find good support at 5080/70.

http://www.daytradeideas.co.uk/premiumfx.html



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Jason Sen, founder of DayTradeIdeas, began his trading career in the options pits on the ‘open outcry’ trading floor of the London International Financial Futures Exchange (LIFFE) in 1987 at the age of 19, trading a broad range of financial futures and options on his own account. In 2001 when the trading floor closed he successfully made the transition to electronic day trading. Trading the financial markets is all Jason has ever done, every day, for over 25 years!

Jason uses this experience to advise traders at some of the largest Investment Banks and is also the leading provider of daily technical analysis to the UK's professional day trading arcades. The exact same analysis that Professional Traders follow daily is now available to Independent Traders.

http://www.daytradeideas.co.uk

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