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Apr 25, 2012, 12.16 PM | Source: Moneycontrol.com

Expect Crude to test around Rs 5525-5545: Nirmal Bang

Nirmal Bang has come out with its report on Crude, Gold, Silver, Copper, Nickel and Lead

Nirmal Bang has come out with its report on Crude, Gold, Silver, Copper, Nickel and Lead

Crude prices are expected to test 5525 5545 on higher end if sustained above 5470 5480 support zone. oscillators are heading up.

Gold prices failed to sustained and close above 28900, we expect price may seen profit booking till 28750 -28700 if sustained below 28900. oscillators are in positive territory.

Silver prices are expected to trade within a range from 56300 to 55000, one can trade within the range. Oscillators are in negative territory.

Copper prices are expected to bounce to the tune of 429 -430 on higher end. Oscillators are heading up and prices should resist 430, one can maintain a stop loss above 433.

Nickel prices are indicating further weakness, one can expect prices to correct from the resistance of 925 -930. Oscillators are slowly heading down.

Lead prices are expected to trade lower unless broken 110.50 on higher end. one can sell on rise with a stop loss above 110.50. oscillators are in positive zone.

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To read the full report click here


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