WEEKLY COMMODITY OUTLOOK (03/08/09)
GOLD:-
Last week we did not expect it to breach 950 whereas it made a new low of 927.60.However on the last working day of week it surge stupendously validating our bullish view.We see 963 & 992.10 a major resistance on the upsurge & 945 may be good support zone.

SILVER:-
Last week we did not expect it to breach 13.340 level but it made a low of 13.165.On the upside we expected 14.315 as minimum & it touched the high of 14.095.However the last day’sstrong daily surge inspire us to look for much higher target 14.35-14.40 or higher.It is distinctly in bullish phase.


Comments