Base metals momentum has turned positive and looks like they are all set to make new highs now. Zinc seems more attractive amongst all.
Crude as expected showed great momentum & still looks good for longs. Yesterday missed my 2nd target of 2700 by 7 rs and made a high of 2693. More to come...
Natural Gas blasted once again..If you remember we are long since 170+ levels. I have placed my support of Natural Gas as 174.4 & it bouced sharply from the same levels & given 10+ rs intraday.
We have seen a sudden spurt in Gold & Silver yesterday. Some good buying was seen in both the counters. A new trend is developing in them so till then wait n watch....Silver seems more attractive for longs as per current charts.
Tuesday, May 5, 2009
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