WEEKLY COMMODITY OUTLOOK (26/04/2010)
GOLD:- Gold is now on fast accelerating rising pace. We do not see it breaching 1145 & on upside our target is 1178 or higher. However a minor resistance at 1170 may come as obstacle , we see it insignificant.
SILVER:- In our view it is imitating GOLD or vice versa. We expect this to attain 19.80 in very fast pace streak without violating 18.05.
CRUDE:- It has strong support at 84 & it is likely to show the rate of 87 sooner than later & that to in fast blazing speed.
COPPER:- In our view it will not breach 350 & on upside it will attempt to touch the range of 361-364
LEAD:- In our view it will not breach 2275 & it will attempt 2500 on upside.
NICKEL:- In our view it is forming the ascending triangle & we set the target of the same at 29400.
ZINC:- In our view it will not breach 2390 on downside & on the upside it will attempt to reach 2520.
SILVER:- In our view it is imitating GOLD or vice versa. We expect this to attain 19.80 in very fast pace streak without violating 18.05.
CRUDE:- It has strong support at 84 & it is likely to show the rate of 87 sooner than later & that to in fast blazing speed.
NATURALGAS:- It has consolidated in the range of 3.85 to 4.25 for last one month.
COPPER:- In our view it will not breach 350 & on upside it will attempt to touch the range of 361-364
LEAD:- In our view it will not breach 2275 & it will attempt 2500 on upside.
NICKEL:- In our view it is forming the ascending triangle & we set the target of the same at 29400.
ZINC:- In our view it will not breach 2390 on downside & on the upside it will attempt to reach 2520.
Posted by JKD VIEWPOINT at 4/26/2010 
Categories: WEEKLY COMMODITY OUTLOOK
Tags: WEEKLY COMMODITY REPORT
Categories: WEEKLY COMMODITY OUTLOOK
Tags: WEEKLY COMMODITY REPORT
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