Monday, April 13, 2009

Market View 13th April

All base metals seems to be in strong uptrend & can be bought on dips. But at the same time we need to be a little cautious so trade with strict SL.

Crude Oil is consolidating in a triangle and can breakout in either direction depending on which side TL is breached.

Natural Gas is still weak and can be shorted on rise.

Gold & Silver although are in downtrend but for Gold 14017 & Silver 19794 levels are very important support. More weakness can be seen only below them. Till these levels hold we can see some recovery from here.

No comments:

Post a Comment