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1st May 2013: What to expect in Bullion
VIEW ON PRECIOUS METALS
Today, bullion shall be highly volatile. But some recovery is indicated from evening hours /US hours.
Again profit booking shall come in late US hours.
Bullion shall be negative from tomorrow.
Any time, a sharp correction is possible with volatility till 15th May 2013.
Gold’s upper level shall be 1,496 and Silver’s upper level shall be 24.86.
For intra-day, you can maintain buying position in bullion with stop loss 23.80 & 1460 respectively for Silver and Gold. But in late US hours, you can make short position on higher levels (around 1,480, 24.60) for target 1,420-1,380 & 22.00 in coming days.
Today’s Trading Range:
GOLD: 1,465-1,485
SILVER: 23.90-24.80
View On Energy Products:
As said, Crude Oil is going down. The correction had started yesterday, which we expect to continue in coming days.
In short term, Crude Oil can go down to 88-87$/bbl.
You can hold short position with s/l 95.60.
Natural Gas shall have volatile to mix trend.
Trading Range:
-CRUDE OIL:94.60-91.80
-NATURAL GAS: 4.12-4.18
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Mr. Rajeev Prakash
Rajeev is a well-known astrologer based in central India who has a deep understanding of both personal and mundane astrology. His team has been closely monitoring the movements of various global financial markets, including equities, precious metals, currency pairs, yields, and treasury bonds.
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