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Monday, August 1, 2011

GOLD/SILVER/CRUDE OIL/COPPER WEEKLY TREND & TRADING LEVELS : 01/AUG/2011

SILVER BEST BUY $40 RESISTANCE @ $40.65 A BREAK ABOVE 41.02 UPSIDE TARGET IS 42.26/42.78 ; A CRACK BELOW 39.82 DOWNWARDS TARGET 38.53/38.02

CMP – 39.50

TREND : BEARISH WITH BULLISH STREAKS

CRUDE OIL BEST BUY $97 RESISTANCE @ 98.44 A BREAK ABOVE 98.92 UPSIDE TARGET 101.32/102.65/104.08 ; A CRACK BELOW 96.82 DOWNWARDS TARGET IS 92.80/91.60

CMP – 97.08

TREND : BULLISH / MIXED ; WILD SWINGS EXPECTED

COPPER BEST BUY & SUPPORT @ $4.452 RESISTANCE @ $4.492 A BREAK ABOVE 4.498 UPSIDE TARGET IS 4.551/4.582;A CRACK BELOW 4.396 DOWNSIDE TARGET IS 4.322/4.292

CMP – 4.492

TREND : BULLISH

GOLD BEST BUY & SUPP @ 1615 RESISTANCE & BEST SHORT LEVEL 1622.45 A BREAK ABOVE 1634 UPSIDE TGT IS 1645.3/1652 ; A CRACK BELOW 1608 DOWNSIDE TARGET IS 1592/1585

CMP - 1616.35

TREND : BEARISH WITH BULLISH STREAKS

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