GOLD:- Last week it made the high of the 1021.5 & went into correction mode to make the low at 985.5.We do not see this correction extending beyond 975 & advise fresh long positions with the stop of 970.Our medium term target of 1100+ is intact within next 3-5 weeks.

 

SILVER:- Last week it hit the low of 15.955 as expected.We expect it correct in the range of 15.60 to 15.80 hence  we recommend long near 15.75 with the stop of 15.55. 

CRUDE:- As expected it has made the low of 65.05 last week.We are looking for one more new low below this 65.05, may be around 63.00 to 62.50 to terminate the downward journey & start the upward movvvement.