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Wednesday, 01 June 2016 18:33 Written by

Daily Market Report 01-06-2016 by ORBEX‏

EUR/USD

  EUR/USD

1.1160

as we advised earlier this week, Market managed to sustain drop inside the support-zone where market facing support level at 1.1060-70, while resistance at 1.1150-70 zone

market may head for intraday trading levels between those levels , while any break below 1.1050 may set new path toward 1.0825-50 zone

from another hand, if market managed to hold trades above 1.1050 we may expect some trading zone between 1.1060 - 1.1170 before market gather momentum to obtain bigger rebound toward 1.1245 and 1.1345
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1.1050-60 1.1170
  LEVEL2 1.0900 1.1245
  LEVEL3 1.0825-50 1.1345
 
   
 
 
 
 

GBP/USD

  GBP/USD

1.4455

Market managed to head fast for drop movement after a poll signals increasing support for Brexit

market fell below 1.4570 where we advised yesterday that below this level market may start downtrend wave that may target 1.4330 zone

intraday trading levels facing resistance at 1.4500-20 zone , while short-run facing resistance at 1.4570

as long as market holding below one of those resistance the downtrend will sustain toward 1.4330 and maybe 1.4280-90 zone

above 1.4570 market may restore strength for farther advance
 
 
=9  
    SUPPORT RESISTANCE
  LEVEL1 1.4400 1.4500-15
  LEVEL2 1.4330 1.4570
  LEVEL3 1.4280 1.4660
 
   
 
 
 
 

USD/JPY

  USD/JPY

109.55

as we see over the chart and as we advised yesterday , market fell below 110.40 triggering more drop movement where Dollar/yen facing now support at 109.20 zone

as long as market holding above 109.20 a trading zone may contro l the market toward 110.50

below 109.10 market may add more drop movement where second support at 108.20-30 zone
 
  =9
 
    SUPPORT RESISTANCE
  LEVEL1 109.20 110.50
  LEVEL2 108.20 111.50
  LEVEL3 107.50 112.25
 
   
 
 
 
 

Crude Oil

  Oil 6N - new contract

48.40

Market managed to fell below 48.40 in signs of more drop yet to come

market now facing resistance at 48.75 where as long as market holding below this resistance more drop is expected toward 47.45 zone where from there a rebound correction toward 49.40 may hit the market

below 47.40 market may resume drop toward 45.50 zone
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 47.40 48.75
  LEVEL2 46.25 49.40
  LEVEL3 45.50 50.60
 
   
 
 
 
 

GOLD

  Gold

1217

as we advised last week market managed to hold trades below resistance 1235 where managed to head toward target zone 1210 with farther drop where support zone at 1190-95

and as we see over our previous chart, market managed to obtain some advance from 1200 support while market may head for trading zone between 1190 - 1235 for the coming short run, where as long as market holding below 1235 gold may face more drop if fell below 1190



 
 
 
    SUPPORT RESISTANCE
  LEVEL1 1200 1218-20
  LEVEL2 1190-95 1235
  LEVEL3 1170 1255
 
   
 
 
 
 

Dow Jones

  US30 Dow-Jones

17716


As we advised last week, Market managed to sustain advanced as we advised before where Dow facing now 17935-55 resistance zone

as long as market holding below 17935-55 we will expect another drop wave toward 17540 zone before uptrend continue toward 18000-75 zone

while above 17955 market may sustain advance toward 18075 without any drop correction movement
 
 
 
    SUPPORT RESISTANCE
  LEVEL1 17700 17935-55
  LEVEL2 17630-50 18075
  LEVEL3 17480 18170
 

Source: www.orbex.com

Read 234 times Last modified on Wednesday, 01 June 2016 18:33

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