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Friday, February 17, 2012

Silver Tips 17 Feb 2012

SILVER - March
Bullish trend but continuing to face resistance at higher-level 57700-58200 and support at 56100-55400. The momentum indicators are showing bullishness. High-risk traders can buy with tight stop-loss. Any panic to buying opportunity.


GOLD - April
Overall trend is side ways... Last week it was made a high 28521 and low 27818 and finally managed to close above 28244. Now in this week consider support 28040-28100-27760, higher level crucial resistance 28400-28700 range and crossover will move further towards 28800 Plus.

NICKEL - FEB
Charts are showing double top formation with reversal pattern... We recommend to higher-level to go short... with stop-loss...? Downside last and final support at 1030, thereafter..

NATURAL GAS - FEB
Sell on rise strategy... Higher-level 141-143 to watch out... Downside support 121-113, thereafter further weakness.

CRUDE – FEB -
Trend is sideways... with considering resistance at 5010-5035 and support range at 4810. Decline to buy and sell on strength to be followed.

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