WEEKLY COMMODITY OUTLOOK (24/08/09)
GOLD:- Last week it opened at 942.9 & went down to 931.3 to mark the low of the week.It then continued to rise till 959.9 to register the high of the week & finally closed at 954.70.For the coming week it is poised in neutral zone of 927-972.We are bearish below 927 & bullish above 970.We are more inclined for bullish view & see a mjor leg up once it crosses 972.
SILVER:- Last week it opened at 14.73 & this itself was the high of the week.It then continued to decline till 13.495 to mark the low of the week & finally closed at 14.164.For the week we again expect it to consolidate in the range of 15.200 & 13.500 but with the stong bullish bias.
CRUDE:- We do not see it violating the 76 level on upside in coming week.On the contrary we see it declining to 66 level.
Posted by JKD VIEWPOINT at 8/24/2009 
Categories: WEEKLY COMMODITY OUTLOOK
Tags: WEEKLY COMMODITY REPORT
Categories: WEEKLY COMMODITY OUTLOOK
Tags: WEEKLY COMMODITY REPORT
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