Friday, July 10, 2009

Market View for 10th July

Base metals appears to lose momentum for upside and are ready to fall down. However some important support levels are still intact. Nickel seems weakest...The moment those levels will be broken they will fall badly. Watch out for those levels....

Crude as I said has entered a new downtrend and is going to fall more.

Gold & Silver are still weak and going weaker day by day. Especially Gold has consolidated for quite sometime and is ready for a breakout, most probably on the downside...keep an eye..Silver to follow...

Natural Gas is still weak and is falling badly from everyday high. Its not sustaining on top levels. Looks like its going to complete my target of 160 in coming days :)

2 comments:

  1. dear sir what is mwant by three black crows in crude oil and wat will be the next move after that chart pattern can u explain with chart.

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  2. why gold has less movememnt in mcx but it have a good move in USD..will gold has a big move to up or to down....

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