Monday, November 10, 2008

VIEWS FOR THE WEEK FROM 10th NOVEMBER

MCX Gold (December) : Chart is bullish for a rise towards 11970/12090. Now a corrective retracement is possible. Supports are at near 11743/11728.It has to fall below 11633 to give up this bullish view.
S1:11450 S2:11388 R1:11615 R2:11700.

MCX Silver (December) : Rise above 17400 is seen as a bullish sign which could lead prices back towards 18120 or even higher. Important support is at 16900 followed by 16630.
S1:16700 S2:16450 R1:17250 R2:17600

MCX Crude Oil (Nov) : Price could rise towards 3145/3170 areas. Short-term exhaustion noticed now hints at the possibility of a drift to supports near 3072/3048. It has to fall below 3035 to cause doubts about this bullish view. S1:2980 S2:2955 R1:3055 R2:3120.

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