Thursday, June 9, 2011

Commodity Update

As I post yesterday my view regarding Bullions.

Gold gives a downfall toawrds 1530$.
A rebound till 1542$ can be made but if not suatain & break 1530$ again we may find it at 1520$.

A move past 1545 can bring some upmove but stiff resistence @ 1551-1555$.

Silver after an upmove towards 37$ stuck & fall ale the way to 36$.

I posted to short & it gives a low of 54250.Now rellok for 55500,55700 level to short.

Crude already weak but after Opec news give a strong pullback.

But still crude is in bearish mode, a fall below 4480 again bring 4450,4420 level.
Upmove above 4560 can bring 4620 above which a new bull run can start.

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