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Sunday, October 19, 2014

CRUDE OIL UPDATES FOR OCT 19 2014

SUNDAY

WEEKLY UPDATE

Silver mini contract in mcx was trading in the range between 38000 to 39000

 for the whole week and finally closed at 38415 below its strong supports

 38550 levels, we strongly believe that prices of silver may drop in a rapid 

momentum than that of gold that too below 38000 prices is expected to

 correct atleast by 1500 rupees, however festive season demand may

 restrict prices fall, but still correction in silver in unavoidable.

Weekly Call :

Silver mini sell on rises between 38450 – 38700

 with stops above 39200

 for tgts 37600 and 37200.