Commodity Market Forecast for the Coming Week (11th – 15th April ‘11)

Bullion: Nickel could be bullish. As we saw, last week nickel was in uptrend and sustaining at higher levels. So, for the next week in nickel one should go for buy on lower levels strategy. If it sustains above the level of 1225 then above the level of 1250 it could reach around the level of 1280.

Agri: Commodities refined Soya oil could be bullish. Last week, it was also in uptrend. So, also in refined Soya oil one should go for buy on lower level strategy, if it sustains above the level of 643 then above the level of 645 it could reach around the level of 650.