Thursday, April 16, 2009

Market View for 16th April

All base metals as per the expectation are rocking..As I said stay cautious and buy on dips so its working the same way...In Copper short at 238 the target was 228 and it made a low of 229.4 so missed the final target with 1.4 Rs. and on the upmove we are long above 235.35 once it has broken the 14th April high.

Zinc finally broke out with huge volumes & my positional target of 74 met yesterday. Buy call given above 66 on cup and handle breakout.

Lead & Nickel also continued their bullish behavior.....

Crude seems to have entered a little bearish zone as the lower trendline of the triangle is broken. Exact levels to short with SL are only for clients.

Gold & Silver are still non trending and are in trading range....Will wait for the next trend to develop to have another set of huge gains.....

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