Read my comments on 30th March on Gold & Silver -
"Gold & Silver are still weak and can show some more selling this week. Watch out 22250 for Silver and 15200 for Gold as immediate resistances"
They only went above these levels once and ever since they are falling below these levels. Yesterday witnessed huge selling in both these counters.
Nickel after consolidating for long time in a narrow range looks positive now & can show a good up momemtum now.
In Zinc good buying seen at lower levels & as expected showed some momemtum yesterday. A nice BO is on cards.
Natural Gas is still weak and sell on rise.
In Crude some buying emerged from lower levels and it gave handsome profits intraday yerterday above 2471 levels yesterday.
Copper H&S failed as it broke the previous high of 209.45. Its in uptrend so buy on dips & short only on the breach of the lower TL. This week's support is at 204.5
Friday, April 3, 2009
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