WEEKLY COMMODITY OUTLOOK (09/11/09)

GOLD:- We had been bullish on gold since 973 & projected the target of 1100 two months back.It has been achieved last week.However it is yet to show some sign of exhaution of the current upmove.To the best of our estimate it should terminate at 1110.On the sign of weakness it should be sold with the stop of 1120 for the target of 1035. 

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SILVER:- For the current week we are expecting it to head for the 18.00 & the react downside towards 16.50.


 
 

 

CRUDE:- It has formed the bearish pattern & if bounces back from 75 level it can still rise to 84.The breach of 75 level will lead it to70 & below.


 

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