Wednesday, March 18, 2009

Market view for 18th March

Gold, Silver and Natural Gas are still in weak zone. Yesterday witnessed nice shorts in all 3 and a decent fall in price was there. Today again we can see the same behavior.

Base metals risen as expected but profit booking on higher levels were witnessed due to which base metals were unable to sustain at higher levels. All but Lead fell from higher levels.

Some positive buying seen in Crude so we can look for longs on dips in it.
Aluminium still positive. Above 69.5 levels it will head for 71/72 so watch for these levels.

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