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Technical Market View

Friday, May 22, 2009

Commodities Technicals

Gold

Long above 943 , with targets T1 957.10 and T2 961.15

Crude

Long above 59.50 , with targets of 62.3 and 63.15

Silver

Long above 14.21 , with targets 14.63 and 14.70

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Silver is very bullish , Short term target is $17.75 . Keep buying silver.

2 comments:

  1. Technical Outlook - Precious Metals:

    Gold Target Achieved , and so did the targets mentioned for silver .

    Silver will continue to rise above $15.97 which is a strong resistance , above $15.97 would lead to $17.75 which is our second target. $15.97 has already been achieved , and we have seen a correction after which prices tested that level.

    Technical Outlook For Energy :

    Oil Has resistance at $69.60 and $70 , we should see some correction after price tests $70 USD per barrel . Once crossed would lead to $117 USD per barrel before the month of september.

    ReplyDelete
  2. ya man nice thing u help me a lot with it... look for future assistance...
    thanks

    ReplyDelete

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