Friday, July 24, 2009

Market View for 24th July

Base metals stil looks strong and Copper & Aluminium are still rocking. Aluminium has made a new high yesterday. Zinc also inching up slowly & catching the pace...Buy on dips..


Crude has achieved my target of 3257 given to the clients yesterday. Sometime back also I have written here that above 3194 it will head for 3268 however the actual target was 3257 which is met yesterday.


Gold & Silver both have met my both targets. Gold almost touched 15000 (high made 14993) and Silver 22520. Some profit book took place after that which have dragged them down. Momemtum is still for upside..


Natural Gas as mentioned could not breach my level of 199.2 and fell down badly..See the power of technical levels. It can be good for longs only above this...but what is the downside level to initiate longs and what should be the SL to reverse your positions? levels only for clients..



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