Monday, June 13, 2011


PRECIOUS METALS & METALS ARE UNABLE TO SHOW STRENGTH DUE TO CONCERN OVER CHINA INFLATION FIGURE THAT WILL RELEASE TOMORROW,

UK & US WILL JOIN HANDS FOR THEIR INFLATION FIGURE THAT WILL RELEASE TOMORROW FOR THE MONTH OF MAY.

WE ARE EXPECTING TODAY'S SESSION WILL BE VOLATILE & CAN BE A MIXTURE OF RANGE BOUND.

1.NICKEL IS FACING MOST PRESSURE OF ALL METALS PACK, IT WILL FIND SUPPORT AROUND 1000.

2.GOLD IS UNABLE TO SUSTAIN ABOVE 22560, WHICH WE CONSIDER AS A GOOD SUPPORT FOR SHARP UP MOVE.

3.SILVER HAS A GOOD SUPPORT @53000, IF IT WILL MANAGE TO STAY ABOVE THE SAID LEVEL THEN WE MAY SEE 56000-59000 SOON.

4.COPPER IS FACING HUGE PRESSURE BELOW 409-415 MARK, FROM 423 IT CAME TO 399 TODAY'S LOW, IT WILL FIND SUPPORT NEAR 393-395.