Silver (31.97) is continuing to oscillate around 32. Our bias remains bearish and we expect a fall to 29 initially and then a further break below 29 would take it down to 24-23.
Nymex Crude (88.20) has bounced back well yesterday and is now trading in its 88-90 Resistance region. The 21-Week-MA Resistance is near 90 which we expect to hold and a pull back to 85-80 or even 75 is possible in the coming days/weeks.
Copper (3.35) is not gaining upside momentum after its fall from its 3.40-50 Resistance region. The overall picture remains weak and we might see a fall to 3.00-2.80 in the coming days.
No comments:
Post a Comment