Monday, July 20, 2009

Market view for 20th July

Base metals are looking positive as the king of metals Copper is dragging others up. As mentioned Copper and ALuminium are looking very strong so they have risen well and other metals like Lead and Zinc followed them like a baby. The equation still seems to be the same. After a minor correction we are still going to see an upside.

Crude also seems to be good to go longs on dips. 3030-3065 range seems to be a decent support for it.

Gold & Silver are still looking positive and we can see some more rise in them. Gold above what level will zoom for 14940-15000 ask me...

Natural Gas has broken hearts of many shorters and they are trapped badly in their short positions. I have been shouting like anything to go long from 159-160 levels for a sharp bounce from there...Today is its expiry so we might see a volatile session.

No comments:

Post a Comment