WEEKLY COMMODITY OUTLOOK (11/01/10)
GOLD:- Last week it formed the bullish PIERCING LINE with decently high volume. We do not expect it to breach 1115 on downside & if it manages to cross above the 1145 then it may head for the 1168.
SILVER:- It has also formed the bullish PIERCING LINE in weekly chart with more than average volume. We do not expect it to breach 17.75 on the downside & there are bright chances that it will head for 19.50 in coming weeks.
CRUDE:- Last week we had expected to touch 85 & it made the high of 83.52.We expect it to touch 85-86 & then react to 79-80 levels in coming week.
COPPER:- Last week it has formed the DARK CLOUD COVER formation.We expect it to react to 330 in coming weeks.
SILVER:- It has also formed the bullish PIERCING LINE in weekly chart with more than average volume. We do not expect it to breach 17.75 on the downside & there are bright chances that it will head for 19.50 in coming weeks.
CRUDE:- Last week we had expected to touch 85 & it made the high of 83.52.We expect it to touch 85-86 & then react to 79-80 levels in coming week.
COPPER:- Last week it has formed the DARK CLOUD COVER formation.We expect it to react to 330 in coming weeks.
Posted by JKD VIEWPOINT at 1/11/2010 
Categories: WEEKLY COMMODITY OUTLOOK
Tags: WEEKLY COMMODITY REPORT
Categories: WEEKLY COMMODITY OUTLOOK
Tags: WEEKLY COMMODITY REPORT
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