WEEKLY COMMODITY OUTLOOK (08/03/2010)

GOLD:- Gold has formed the intermediate term top at 1145.80 as 90% probability .As a 10% probability it may make a nominal high above the 1145.80 but will not cross the 1163.On the downside there are supports at 1115 & 1090.

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SILVER:- It is following the same pattern of gold. In line with the same logic it has formed top at 17.51 or may make at 17.75.On the downside it has supports at 16.85, 16.30 & 15.65.
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CRUDE:- It is in the terminal stages of it's rise which may or may not cross the high of 82.00.After the top formation we see the sharp decline towards the 79.00.
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COPPER:- As a 90% probability case it has formed the top at 348.70 & as an alternative case it may make a new high above 348.70 which would not cross 355.On the downside it has good support at 330 & 315.
Posted by JKD VIEWPOINT at 3/8/2010
Categories: WEEKLY COMMODITY OUTLOOK
Tags: WEEKLY COMMODITY REPORT
 

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