Monday, June 8, 2009

Market View for 8th June

Base metals after being highly volatile last week still shows sign of indecision. A mix mood is seen in them. Better to avoid.

Crude has risen much is last few days. Now it seems to be overbought and should take some correction from here. Till what level it should come? Ask me......

Gold & Silver also seems to be on neutral to negative side.

Natural Gas is also non trending & is on a volatile side.

Overall I would advise traders to sit aside & wait for the clear trend to develop. Till then we can only trade based on the good support & resistances.............

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