WEEKLY COMMODITY OUTLOOK (14/12/09)

GOLD:- It has formed the intermediate term top at 1227.5 & reacted sharply to 1110.2.We see it not breaching the 1095 in coming week may bounce to 1145-1155 zone.

 

                                         

SILVER:- Last week it made the bottom of 16.90 against our expectation of 17.05.For the coming week we see it bouncing back to 17.70-18.10.

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CRUDE:- It has made the low of 69.40 against our expectation of 69.00.We see it continuance of downward movement till 68-67 in coming week.

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