Guesstimate MCX/NCDEX-AGRO (12/13/2010)

Gold & Silver: You know, Gold fell more than 2% w/w basis. Gold clear-cut on Friday behind China raised bank reserve requirements and investors took profits in bullion U.S. data showing rising consumer self-confidence and a decrease trade gap. I’m watching combine rally in Gold & Silver. Refresh your memory and remind, what I had written on 10th Dec 2010? Same like that – If silver crossovers 44018 and close above it then we’ll see UP Rally upto 44211 – 44398 or silver go below 44000 then we’ll meet 42578-42850 level soon.

 

Buy on dips
Highly Bullish Trend
Demand has remained physically powerful for copper and supplies are tumbling. It is comic how the market drops one week on worries that China is going to sluggish their economy to stop inflation and the after that week the copper market hits a record high on news that China is upward powerfully.  This is why it is crucial to spotlight on the longer term trend, which is up.  News that contradicts the long term trend is often just sound and presents buying opportunities for the larger players.
Targets: 416 – 418

Agro Commodities – NCDEX:
All hot Agri commodities in this category… Just search your-self & sell on highs
Most of Agri-commodities in bloodbath

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