NEWSLETTER FOR 15TH NOV 2007
REVIEW
Gold rose for the first time in four sessions after a drop in the dollar boosted the appeal of the precious metal as an alternative investment. Silver also climbed.
Technical Review For Gold
Gold traded exactly for reversal pattern after adoji on chart yesterday indicating reversal followed it through a white candle making three day candle pattern of morning doji star this is very strong reversal of correction and can take big way up again.
Confirming this will be today’s move if breaks above 10 day moving average at 816 and also trade and close above 822$will add strength to trend if trades below 805$the reversal can be treated as nullified and further down side will set in chances are bleak.
Buy gold 814$stoploss 807$tgt 826$ 834$
Technical Review For Silver
Silver which was weak yesterday showed huge strength in lower prices squeezing supply and bouncing thick and fast and not breaking previous day low sets in act of recovery and can cross yesterdays highs can push to new rally.
Silver also formed same morning doji star pattern as gold its hurdles are 15.05 a10 day moving average point and later 15.18 the ressistance point if can clear it can test recent high again.
Buy silver 15.05$ stop loss 14.75$tgt tgt 15.45$ 15.95$
Technical Review For Copper
Copper completely turned from abc correction and reversed from bottom which we had identified yesterday it self tsunami warning forced mines to shut at Chile added fuel to this it just crossed a good resistance point to put counter trend rally till 3.45$ is possibility as it has managed to close above 10 day moving average also r.s.i indicates oversold character
Buy copper 278 stop loss 271 tgt 284, 288
Technical Review For Crude Oil
Crude oil sell of was short lived corrective sell as it formed abeautifull reversal from down under on news of opec sec saying there is sufficient inventory no need of increase in production out put also expectation of reduction in inventory further today fuelled buying left bears un founded it can just flare further if closes above 95.1$
Buy crude Dec at 3650 stop loss 3620 tgt 3700
REVIEW
Gold rose for the first time in four sessions after a drop in the dollar boosted the appeal of the precious metal as an alternative investment. Silver also climbed.
Technical Review For Gold
Gold traded exactly for reversal pattern after adoji on chart yesterday indicating reversal followed it through a white candle making three day candle pattern of morning doji star this is very strong reversal of correction and can take big way up again.
Confirming this will be today’s move if breaks above 10 day moving average at 816 and also trade and close above 822$will add strength to trend if trades below 805$the reversal can be treated as nullified and further down side will set in chances are bleak.
Buy gold 814$stoploss 807$tgt 826$ 834$
Technical Review For Silver
Silver which was weak yesterday showed huge strength in lower prices squeezing supply and bouncing thick and fast and not breaking previous day low sets in act of recovery and can cross yesterdays highs can push to new rally.
Silver also formed same morning doji star pattern as gold its hurdles are 15.05 a10 day moving average point and later 15.18 the ressistance point if can clear it can test recent high again.
Buy silver 15.05$ stop loss 14.75$tgt tgt 15.45$ 15.95$
Technical Review For Copper
Copper completely turned from abc correction and reversed from bottom which we had identified yesterday it self tsunami warning forced mines to shut at Chile added fuel to this it just crossed a good resistance point to put counter trend rally till 3.45$ is possibility as it has managed to close above 10 day moving average also r.s.i indicates oversold character
Buy copper 278 stop loss 271 tgt 284, 288
Technical Review For Crude Oil
Crude oil sell of was short lived corrective sell as it formed abeautifull reversal from down under on news of opec sec saying there is sufficient inventory no need of increase in production out put also expectation of reduction in inventory further today fuelled buying left bears un founded it can just flare further if closes above 95.1$
Buy crude Dec at 3650 stop loss 3620 tgt 3700
