WEEKLY COMMODITY OUTLOOK (12/10/09)

GOLD:- Last week it made the high of the 1062.70 & we envisaged the target of 1100.However last days decline with heavy volume compels us to raise the stop to 1046. 

                                          

SILVER:- Last week we expected it hit the high of 17.30-17.50 7 it made the high of 17.955. For the coming week we expect it to bounce to 18.30-18.50 range.

 
 
 
CRUDE:- We expected rally to continue till 75 in last  week but it hit the high of 72.55.However we see one or two more attempts towards 75.00 but then it will decline to 68.

 

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