Gold & Silver inspite of being highly volatile are losing their strength and are prone to fall more. Sell them near their resistances.
Crude has shown significant weakness in past few days. After breaking the support zone of 2545 its falling more than 100 points in a single day. Also it has broken the lower TL in rising wedge which is even a bearish signal. I would say it has taken a U turn now.
Aluminium also looks a little weak now. A clear picture would be unfolded soon.
Zinc has given a nice CNH BO but it is yet to blast.
In Copper H&S is forming. Although its in strong uptrend but risky players can enter shorts around 209 levels with 211.3 SL otherwise wait for the formation to complete & enter shorts below 200 levels for targets of 196/192.
Natural Gas is still weak and can be sold on rise.
Wednesday, April 1, 2009
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