Monday, July 18, 2011

Gold was retaining its strength

Gold was retaining its strength

Crude (97.20) rose on Friday. Lower supplies from Canada and higher equity markets supported the price rise. Broadly, the commodity has been trading from 93.50-99.50 over the last few days.


Gold (1594.80) is retaining its strength and has risen well from Friday's low of 1575. Our bullish outlook remains intact for a possible rise towards 1620+ levels.


Silver (39.76) has risen sharply above 38 and might rise further up to 42 on a break above 40.


Copper (4.41) is continuing to hover around 4.40. The bigger picture still remains bullish but the metal needs to gain upside momentum. Copyright @ 2011 - Theme by NanLimo - Thanks to Google