Thursday, 4 April 2013

Crudeoil news

Nirmal Bang has come out with its report on Gold, Silver, Copper, Nickel, Lead and Crude oil. According to the research firm, Gold prices witnessed a selloff after the break down, prices are expected to further ahead down till 29000. Sell on rise should be the strategy. On Comex USD 1520 is acting as a support, below which we expect a major fall till USD 1450.

Silver prices are expected to trade weak one could sell on rise. On Comex prices are holding a major support at USD 26, a break below which could result a huge fall in price.
Crude prices are expected to test 5100 on down side one can sell around 5200 with a stop loss above 5250

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