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Commodity check on oil, nickel, pepper, soya bean

Way2Wealth has come out with its report on gold & silver.

August 22, 2011 / 12:36 IST
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Way2Wealth has come out with its report on gold & silver.

Stop Gold: MCX Sep Gold added another 2266 points (8.8%) in last week and closed at 27954. Looking at the candlesticks and volume pattern further upside is expected. Any correction in it should be used to create long positions. RSI(14) is well balanced in positive territory. Indicating bullishness in the counter.

MCX Crude Oil prices in previous week tested the valid support line on weekly chart and closed with a bullish hammer. Some bounce back till 4100

first published: Aug 22, 2011 12:21 pm

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