GOLD:- We had been bullish on gold since 973 & projected the target of 1100 two months back.It has been overshoot 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 1140.On the sign of weakness it should be sold with the stop of 1150 for the target of 1035.

SILVER:- For the current week we are expecting it to head for the 18.20 & the react downside towards 16.50.

 

CRUDE:- It has formed the bearish pattern & divergence in stochastic as shown in the weekly chart below.We are of the view that 82 is capped for the time being & it may react to 65 in next 4 to 7 weeks.