WEEKLY COMMODITY OUTLOOK (30/11/09)

GOLD:- Gold is strongly trended & moving up within the steeply rising channel.It is also accompanied by the massive volume with no divergences in oscillators.We see our next target in the gold at 1230-1240 zone before any meaningful correction.     
         

                            

SILVER:- It is currently in the just take off stage.It is moving in channel within a channel.We forsee the target of 18.80-19.00 for the coming week.

 

 

CRUDE:- Last week it breached the low of 76.5 with the spike low of 72.40.However it recaptured it very swiftly but we hold the view that in coming week it will breach 72.40& may go lower.

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Posted by JKD VIEWPOINT at 11/30/2009
Categories: WEEKLY COMMODITY OUTLOOK
Tags: WEEKLY COMMODITY REPORT
 

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