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.
Monday, April 13, 2009
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