Thursday, May 21, 2009

Market View for 21st May

Base metals as mentioned very clearly on 19th May are falling since then. They are still in downtrend and can be shorted on rise.

Crude seems to be positive & long positions can be build into it. Exact entry and exit levels are for clients.

Gold & Silver are still weak & should fall more. Gold upside resistance is limited to 14400/14546 & Silver resistance 22535/22716.

Natural Gas seems to have entered a new downtrend and can be shorted on rise. Remain short below a specific level and above that go long.

No comments:

Post a Comment