December 16, 2013

Commodity update

COPPER: bullish if it can sustain above 460... immediate resistance 470 and then strong rally.





CRUDEOIL... trend is down but looks like it is ending. Required one strong bullish bar to negate bearishness.


GOLD... more weakness if recent lows break... bullishness above 31000 only.


LEAD... broader trend is down... rally above 138.


NATURALGAS trend is up... some minor profit booking possible. Support 250-240.

SILVER... minor swing high formed at 46000... closing above this can lead to a rally upto 50000 where strong resistance is expected.


ZINC... trend has reversed... holding above 120 is bullish.

No comments:

Post a Comment

Share this...