WEEKLY COMMODITY OUTLOOK (29/03/2010)
GOLD:- Gold has been moving in the tighter range of 1088-1128 for last three 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 1102-1099 range & then start rising to 1130-1125 range. Corresponding approximately MCX APRIL FUTURE support range is 16330-16363 & target range is 16700-16760.
SILVER:- It is correcting & consolidating in tighter range. On the downside it will not breach 16.70.However we have very strong positive bias & after testing the 16.70-16.75 we see stupendous rise to 17.40. Corresponding approximately MCX APRIL FUTURE support range is 26300-26363 & target range is 27050.
CRUDE:- We are expecting that it will not breach 79.50 on downside & on the upside it will be heading for 83.50.
COPPER:- We are expecting that it will not breach 339.50 on downside & it will give explosive rise to 355.
SILVER:- It is correcting & consolidating in tighter range. On the downside it will not breach 16.70.However we have very strong positive bias & after testing the 16.70-16.75 we see stupendous rise to 17.40. Corresponding approximately MCX APRIL FUTURE support range is 26300-26363 & target range is 27050.
CRUDE:- We are expecting that it will not breach 79.50 on downside & on the upside it will be heading for 83.50.
COPPER:- We are expecting that it will not breach 339.50 on downside & it will give explosive rise to 355.
Posted by JKD VIEWPOINT at 3/29/2010 
Categories: WEEKLY COMMODITY OUTLOOK
Tags: WEEKLY COMMODITY REPORT
Categories: WEEKLY COMMODITY OUTLOOK
Tags: WEEKLY COMMODITY REPORT
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