WEEKLY COMMODITY OUTLOOK (15/03/2010)

GOLD:- Gold has been moving in the tighter range of 1088-1128 for last one week. On the broader term it is forming the larger range of 1062-1145.Our bias is negative & we see the lower support being tested first.
Your browser may not support display of this image.
SILVER:- It is following the same pattern of gold. In line with the same logic it has formed top at 17.665.On the downside it has supports at 16.30 & 15.65.
 		 Your browser may not support display of this image. 
CRUDE:- On the last Friday, the Japanese candlestick has engulfed bodies of the previous four day's candles. It is quite bearish & if it breaches 80.16 then it may react to 78.20.
Your browser may not support display of this image.
COPPER:- It is not likely to cross the 345 on upside & on downside the breach of 334 may lead to 329,320 & then 315.
 Your browser may not support display of this image.
Posted by JKD VIEWPOINT at 3/15/2010
Categories: WEEKLY COMMODITY OUTLOOK
Tags: WEEKLY COMMODITY REPORT
 

What did you think of this article?




Trackbacks
Trackback specific URL for this post
  • No trackbacks exist for this post.
Comments
  • No comments exist for this post.
Leave a comment

Submitted comments are subject to moderation before being displayed.

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.