PRECIOUS METAL
Venus shall be retrograding on 21st December 2013. This could lead to a good bounce back from Monday.
Today, after DOW opening (20.45 HRS IST), a sharp recovery could be seen in bullion (especially in Silver).
With a stop loss of 1,170, 18.70, you can add long position in GOLD, SILVER on dips.
Hold these long positions for next week.
You should watch the trend around 20.45 HRS (IST). If trend moves upward, it shall continue in positive mode.
In next week, a considerable rise shall be seen in price of gold and silver.
TRADING RANGE:
- GOLD:1,180-1,210
- SILVER: 18.80-19.40
ENERGY PRODUCTS
On 21st, Venus shall be retrograding. This can cause a sharp correction in Crude Oil next week. Crude Oil could drop to 88$/bbl.
It is recommended to short Crude Oil at higher levels.
NG shall continue in bull run with volatility
TRADING RANGE:
- CRUDE OIL: 99.50-97.50
- NG:4.40-4.50
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