WEEKLY COMMODITY OUTLOOK (12/04/2010)
GOLD:- Gold has been rising with the strong upward trend as shown in the chart with the increasingly rising steep trend lines. It is all set to retest its previous top of 1227.50. In short term it is not likely to react beyond 1150 & on upside once it crosses 1168 it will catch up further momentum for rising. We would not be surprised if it crosses the 1200 mark by week end.
SILVER:- Silver is in blow off rising mode & in our opinion it may not react to 18.20 on downside & on upside it will attempt to retest 18.925 & 19.50 tops. We would not be surprised if it crosses 20.00 mark by week end.
CRUDE:- It is in the strongly trended up move. We do not see it breaching 84.00 downside & on the upside we expect it to hit the target of 90.00.
COPPER:- We are expecting that it will not breach 353 on downside & it will give explosive rise to 382.
SILVER:- Silver is in blow off rising mode & in our opinion it may not react to 18.20 on downside & on upside it will attempt to retest 18.925 & 19.50 tops. We would not be surprised if it crosses 20.00 mark by week end.
CRUDE:- It is in the strongly trended up move. We do not see it breaching 84.00 downside & on the upside we expect it to hit the target of 90.00.
COPPER:- We are expecting that it will not breach 353 on downside & it will give explosive rise to 382.
Posted by JKD VIEWPOINT at 4/12/2010 
Categories: WEEKLY COMMODITY OUTLOOK
Tags: WEEKLY COMMODITY REPORT
Categories: WEEKLY COMMODITY OUTLOOK
Tags: WEEKLY COMMODITY REPORT
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