WEEKLY COMMODITY OUTLOOK (31/08/09)
GOLD:- Last week it opened at 954.80 & went down to 935.70 to mark the low of the week.It then continued to rise till 964.60 to register the high of the week & finally closed at 958.80.For the coming week it is poised in neutral zone of 925-975.We are bearish below 925 & bullish above 975.We are more inclined for bullish view & see a mjor leg up once it crosses 975.
SILVER:- Last week it opened at 14.22 & then went down till 14.05 to register the low of the week.It then continued to rise till 14.865 to mark the high of the week & finally closed at 14.784.For the week we again expect it to consolidate in the range of 15.200 & 13.500 but with the stong bullish bias.
CRUDE:- Technically it has formed the rising wedge formation.We do not see it crossing 76 on .
upside & ideally it should decline to 66 levels.
Posted by JKD VIEWPOINT at 8/31/2009 
Categories: WEEKLY COMMODITY OUTLOOK
Tags: WEEKLY COMMODITY REPORT
Categories: WEEKLY COMMODITY OUTLOOK
Tags: WEEKLY COMMODITY REPORT
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