Friday, July 6, 2012

COMMOTRENDZ SILVER VIEW FOR THE DAY :::

SILVER NEAR SUPPORT LVL IN MCX AT 53277 BREAK N HOLD BLW THIS LVL FOR 15 MIN WILL CALL FOR FURTHER SHARP FALL. TREND REMAIN WEAK 4 THE DAY. SELL ON RALLY FOR THE DAY. STRONG RES SEEN NEAR 53800-53880 LVL GOOD SELLING ZONE.

SILVER AUG MCX TRADING RANGE 53000-54222 EITHER SIDE BREAK MORE DIRECTION ON CLOSING BASIS.
COMEX TRADING RANGE 27.40-28.12 EITHER SIDE BREAK ON CLOSING BASIS MORE DIRECTION. SELL ON RALLY 4 THE DAY NEAR RES LVL.
SILVER LBMA FIXES AT 28.33 UP BY 22 CENTS.
SILVER ISHARE HOLDINGS STANDS AT 9681.63 UNCHANGED.TREND STILL LOOKS WEAK BUT NEAR SUPORT LVL. AVOID SHORT AT LOWER LVLS.
GOLD SILVER RATIO STANDS AT 58.09 FAVORING GOLD.WILL WAIT FOR CONFIRMATION OR BRAKE UP OF 28.12 IN COMEX LVL ON CLOSING BASIS FOR LONG OTHER WISE TREND REMAIN WEAK 4 THE DAY.... for more please visit www.commotrendz.com

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