Today, 30th July 2012 (Monday), Bullion will be volatile and range bound with a bit of positiveness.Gold to range between 1630 & 1610. Similarly, SILVER to range between 27.80-27.90 & 27.40-27.20 .EUR/USD to be in the range of 1.2270 (lower side )& 1.2380 – 1.2390 (upper side).
Crude Oil will have a lower side of 89$ and upper side of 90.50$-91.00$.
Copper – volatile to negative.
WEEKLY OVERVIEW
This week 30 July – 3rd August, market highly volatile to bearish (till 2nd August). Gold will be in range of 1630 & 1560 -1550 by 2nd August 2012. And Silver will be in range of 27.80-27.90 & 26.50-26.20 .
Crude Oil will have lower level of $88 and higher level $93.
(Friday) 3rd of August, the commodity market will be bullish (Especially Gold, Silver, EUR/USD and Crude Oil).
On 3rd August, you need to buy bullion at lower levels.
Agro products – corn, sugar, wheat to be bought on dips for short term. A good rise is seen in coming weeks.
Alert : From 2nd August to 16th August, some major problems in World and so sharp decline can be possible in Bullion and Copper.
Crude Oil will be highly bullish on overall basis. But after 16th August, buy bullion on dips for higher levels in short term.
From 19th August – 24th August, good rise is seen in Bullion.
Rajeev Prakash Agarwal is the Director of MAA ASTRO DUNIYA PRIVATE LIMITED (Also known as Astrodunia), the firm provides it’s clients across the globe with tips for trading and investment in stock and commodity markets across the globe.
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