GOLD:- Gold has broken out of a large triangle pattern extending from june 09 to sep 09. Last week

we had expected it to correct to 1030 level but it has shown the strength & did not go below 1048.10.Since we are at the terminal stage of rise we would be bullish only above 1072 with very tight stop.Below 1072 till 1020 we treat it as neutral & bearish below 1020.

                                         

SILVER:- It is rising in the final stage of the pattern completion.It should slowly crawl to rise above 1.8175 & maximum upto 1.8500 & react sharply towards the 16.3-16.70.
 
 

CRUDE:- Last week we had reported that it has broken out of a good consolidation & it is set to rise with sharper momentum than it's previous rise.Actually it has risen stupendously in a vertically rising channel without correction.We suggest going long on any dip to lower end of channel with appropriate stop for the target of 84.