Commodity Markets Overview and Forecast for the Week (18th – 22nd April ’11)
For the next week in commodities aluminum can be bullish. As we saw last week aluminum was the only metal which was sustaining at higher levels so for the next week in aluminum one should go for buy on lower level strategy if it sustains above 117.50 then above 118.50 it can touch the level of 120
In agri commodities chana can be bearish. As we saw last week chana was not able to sustain at higher levels. So for the next week in chana may contract one should go for sell on higher level strategy if it sustains below 2375 then below 2360 it can touch the level of 2330.
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