Monday, September 9, 2013
Commodity Analysis
Gold Current Market Price 31540 - Support 31160-31000, Resistance 31800-31850
Analysis : Below the Support it will ready to FREE fall up to 30300, almost all the indicators
are around oversold zone, so fall should be very fast. Expected short covering only above resistance.
Hold short with strict stop loss, be cautious on shorts once reach support.
Silver Current Market Price 54117 - Support 53650-53550, Resistance 54550-54700
Analysis : Below the support, expected free fall up to 52900-52800, Hold shorts with strict stop
loss. All Oscillators and Money Flow indicators are around over bought zone. So after a week
fall will be very fast.
Crude Current Market Price 7056 - Support 7047-7033, Resistance 7117-7128
Analysis : once fails to cross the resistance then expected free fall up to 6700. Hold short with
stop loss.
Analysis : Below the Support it will ready to FREE fall up to 30300, almost all the indicators
are around oversold zone, so fall should be very fast. Expected short covering only above resistance.
Hold short with strict stop loss, be cautious on shorts once reach support.
Silver Current Market Price 54117 - Support 53650-53550, Resistance 54550-54700
Analysis : Below the support, expected free fall up to 52900-52800, Hold shorts with strict stop
loss. All Oscillators and Money Flow indicators are around over bought zone. So after a week
fall will be very fast.
Crude Current Market Price 7056 - Support 7047-7033, Resistance 7117-7128
Analysis : once fails to cross the resistance then expected free fall up to 6700. Hold short with
stop loss.
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