WEEKLY COMMODITY OUTLOOK (07/09/09)
GOLD:- Last week it opened at 957.40 & went down to 944.30 to mark the low of the week.It then continued to rise till 999.50 to register the high of the week & finally closed at 996.70 . In accordance with our bullish view it has broken out of a triangle with the massive volume.We are looking for the rate in & around 1100 in next 3-5 weeks.
SILVER:- Last week it opened at 14.775 & then went down till 14.550 to register the low of the week.It then continued to rise till 16.405 to mark the high of the week & finally closed at 16.285.In fact it is a strong upward surge in accordance with our strong bullish bias.We are exxpecting this upsurge to continue in coming week & any meaningful correction is expected from 17.90 to 18.00 range.
CRUDE:- Last week expected rising wedge has broken downside & made the low of 67.05.For the coming week we do not see it crossing 70 on upside & downside it may touch 62.70.Our bias is negative for the coming week.
Posted by JKD VIEWPOINT at 9/7/2009 
Categories: WEEKLY COMMODITY OUTLOOK
Tags: WEEKLY COMMODITY REPORT
Categories: WEEKLY COMMODITY OUTLOOK
Tags: WEEKLY COMMODITY REPORT
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