WEEKLY COMMODITY OUTLOOK 22032010 - 26032010
GOLD:- Gold has been moving in the tighter range of 1088-1128 for last two weeks. We are expecting that it will broadly remain within this range. In the initial part of the week it is likely to dip to 1100-1095 range & then start rising to 1130-1135 range.


SILVER:- It is correcting & consolidating in tighter range. We see 17.15 as strong resistance. On the downside it will not breach 16.75.However we have very mild negative bias & it will test 16.75 with lot of accumulation.
CRUDE:- On the similar lines of silver, it is expected to react & consolidate near 79.00 &then start rising towards 74.00.

COPPER:- We are expecting it react to 328-330 range initially & then start rising to 345.


Comments