WEEKLY COMMODITY OUTLOOK (10/08/09)
GOLD:- Last week it surpassed our first resistance at 963 & made the high of 974.30.Now we expect it to correct in the range of 942.10-933.80.For the coming week 968 will act as major resistance on upside whereas 953.60 may provide temporary support on downside but the breach of 953.60 may lead to vertical decline till 940.
SILVER:- Last week we expected the target of 14.35-14.40 or higher on upside.It made the high of 15.035.We would reiterate that it is in strong bullish phase & we may see soon 17.000 or higher targets in comimg days.For the week we expect it to consolidate in the range of 15.035 & 14.095.
SILVER:- Last week we expected the target of 14.35-14.40 or higher on upside.It made the high of 15.035.We would reiterate that it is in strong bullish phase & we may see soon 17.000 or higher targets in comimg days.For the week we expect it to consolidate in the range of 15.035 & 14.095.
CRUDE:- We are expecting a nominal thrust above the 73.38 & the it will react very sharply towards the 63.00 levels in coming weeks.
Posted by JKD VIEWPOINT at 8/10/2009 
Categories: WEEKLY COMMODITY OUTLOOK
Tags: WEEKLY COMMODITY REPORT
Categories: WEEKLY COMMODITY OUTLOOK
Tags: WEEKLY COMMODITY REPORT
Comments