Wednesday, May 9, 2012

Gold, Silver, Crude, Copper commodity Levels

0 comments
Gold prices are likely to head lower to the tune of 28450 – 28500. One can sell on rise around  28700  -28750  with a stop loss above  28850.oscillators are  in turning down.
GOLD LEVEL
R-28760/28870
S-28600/28420

Silver prices are expected to trade lower and test 54400. Oscillators are in over sold zone hence aggressive selling not advised.
SILVER LEVEL
R-55270/55780
S-54800/54100

Copper prices have failed to cross 443 on higher end indicating lack of buying interest, one can witness selling pressure if  sustains below 434. Oscillators indicating flat to down move.
COPPER LEVEL
R-439/442
S-434/431

Crude  prices  are  expected to  test 5225  – 5235 on higher end.Oscillators are in over sold zone and hence a bounce cannot be ruled out.
CRUDE LEVEL
R-5187/5270
S-5125/5056



Leave a Reply

Note: Only a member of this blog may post a comment.