WEEKLY COMMODITY OUTLOOK (05/10/09)
GOLD:- Last week it made the low of the 986.10 & bounced above the 1000 level.We advise fresh long positions with the stop of 983.Our medium term target of 1100+ is intact within next 3-5 weeks.
SILVER:- Last week as expected it hit the low of 15.76. For the coming week we expect it to bounce to 17.30-17.50 range.![]()
CRUDE:- We expected one more new low below 65.05 but it bounced off to make the high of the 71.50.We expect this rally to continue till 75 in current week
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