Gold prices witnessed a sell off after breaking the range below 31750 and closed at 31506. We expect a bounce back till 31650 to 31720 whereby prices are expected to witness selling pressure. With appreciation in INR we expect prices to test 31200 -31100 on lower end.
Silver prices are expected to open gap down, we expected prices to test 62000 -61800 on lower end. For intraday if holds 62000 -61800 one can buy with a strict stop loss below 61700.
Crude oil price are expected to test 4880 -4850 on lower end, one can sell around 4950 -4960 with a stop loss above 5020.
Copper prices are expected to test 440 on lower end which seems to hold, for intraday one can buy with a stop loss below 440.
Nickel prices are expected to test 940 -935 on lower end. For intraday one can sell around 957-961 with a stop loss below 970.
Lead prices are holding strong but we expect selling pressure to continue below 119.50, one can sell below that or sell on rise around 120.60 -120.80.
Monday, September 24, 2012
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