Commodity Market Forecast for the Week (25th – 29th July ’11)

Commodity which i picked for the next week is gold. Gold is in upward phase so i would suggest traders to use the strategy of buying on lower levels if next MCX gold sustains above the level of 22900 then it can test the level of 23400 if it does not break the level of 22850 on the downside. The next commodity which i picked is silver, silver is also in a consolidation phase so traders can use the strategy of buying on lower level if silver sustains above the level of 58500 then above 60000 silver can test the level of 62000. Trade with keeping strict stop loss.