FOREX TRADING

Euro 1.2285

Initial support at 1.2144 (May 19 low) followed by 1.2135 (0.50 of 0.8232-1.6039). Initial resistance is now located at 1.2453 (May 28 high) followed by 1.2587 (May 24 high)

Yen 91.20

Initial support is located at 90.61 (May 28 low) followed by 89.81 (May 27 low). Initial resistance is now at 91.88 (May 20 low) followed by 92.97 (May 18 high).

Pound 1.4525

Initial support at 1.4366 (Mary 27 low) followed by 1.4231 (May 20 low). Initial resistance is now at 1.4611 (May 28 High) followed by 1.4703 (May 14 high).

Australian Dollar 0.8460

Initial support at 0.8310 (0.50 of 0.8067-0.8552) followed by the 0.8202 (May 27 low). Initial resistance is now at 0. 8552 (May 28 low) followed by 0.8579 (Feb 5 low).

Gold 1215

Initial support at 1185 (May 25 low) followed by 1166 (May 21 low). Initial resistance is now at 1229 (Key level) followed by 1250 (1123.90 plus 1.618 of 1085.3-1170.1).

Oil 74.80

Initial support at 72.50 (Intraday Support) followed by 70.00 (Intraday Support). Initial resistance is now at 75.00 (March high) followed by 76.00 (Intraday Resistance).