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Monday, 27 May 2013

METALS VIEW

GOLD (CMP: 26406):Gold recovered strongly from being on the verge of 25270 low it
made on 16 April 2013, as it rebounded from 25373. It went to 26677. Gold is likely to
touch 27000 in coming Week, on downside it can find support near 25750.

SILVER (CMP 43473): Silver made new lows of 2013 as it touched 40749 on 20th
May.Its bounce was equally sharp as it went to 44600 on 22 May. Silver has good
support near 42400, on upside if it sustains above 44600, it may move towards 45700.

CRUDE (CMP 5268):A stronger economic sentiment in global arena is resulting in
more demand for Crude. Crude was in tight range. It made weekly low of 5167 and high
of 5384. In coming days, strength can be seen. Crude can move to 5400-5450.

COPPER (CMP 407.85): Copper was another strong performer for the week. Though it
showed tiredness near 421. Copper has good support near 400. It is likely to be in range
400-420 next Week.

NICKEL (CMP 822.5): Nickel has remained in 810-850 range. There is good support
near 800 and on upside 850 needs to be crossed for further up move.

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