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.

 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this post.
Comments
  • No comments exist for this post.
Leave a comment

Submitted comments are subject to moderation before being displayed.

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.