On eight hours chart of gold is forming lower channel of trade where the upside breakout would be above 29780 and lower side trade could be for 29200 after breaking the level of 29480. This week major event which can pull the market of bullion is missing . which could make market sluggish for trader .Any day closing above 29800 will make the tour of gold for next high
GOLD WEEKLY LEVEL
S - 29500/29200
R- 29800/30170
Silver after having its hangover of expiry silver close @ 53167. In silver there is formation of triangle partten one can seen lower side break out after closing of 51300. As dollor index is near all time high which could also negative news for the silver. On international spot market silver open on negtive note and in MCX silver could touch new low of the month. One can sell silver @ 53700 for the target of 51440 with stoploss of 54280
SILVER WEEKLY LEVELS
S-52700/51400
R- 53700/54550
Crude this week traded like champion made high and low to trap the trader with there levels of stoploss. This week again there is expected movment in counter on e can sell crude with stoploss of 4825 for the target of 4550 selling could be made @ level of 4780
CRUDE WEEKLY LEVELS
S-4710/4630
R- 4825/4920
Monday, July 9, 2012
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