GOLD:- On the expected line it has declined last week to form a new low of 1074.4 against the previous low of 1075.20. In our view it has either formed the low or very close to form it. We do not see it declining below 1069 & will shoot up to 1160 within next two week or shorter time.

SILVER:- It made the low of 16.15 on expected line & did not violate the level of 16.00. In our view it will cross the 17.25 in coming week & will cross the top of 19.50 in next six weeks.

 

CRUDE:- It is moving down in a downward channel with the strong momentum.We are of the view that it will test the low of 68.59 during the coming week.

COPPER:- It has cracked without testing the high of 355.This is quite bearish sign.We expect it to bounce to 315 initially & then to 322 & there one should short with the stop of 325.