WEEKLY COMMODITY OUTLOOK (25/01/10)

GOLD:- On the expected line it has declined last week to 1081.90.We expect a bounce not beyond 1110 & declining further to 1060-1050 levels.
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SILVER:- It made the low of 16.88 against our range of 16.5-17.00.For the coming week we see it completing it's residual decline which should not go beyond 16.00 in any case & then start ascending again.

 

CRUDE:- Last week it made the low of 74 against our expected range of 72-73.We expect the residual decline to complete during the coming week & then some sideways consolidation. However it is now in severe down trend.

 

COPPER:- Last week it made the low of 326.70 & we are of the opinion that it will not breach 325 & may head for testing the high of 355.However this will be a terminal rise.

 

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