Monday, November 29, 2010




Euro/USD






Euro is trading at 1.32 level. Some days before i gave u a call to sell euro @ 1.4038. We have seen a correction of more than 10% in Euro. All major commodities fall during last few days. Now i feel that Euro will take support from here. So all the major commodities will take support from here. So plz avoid fresh sell position from present levels and if u see any sudden fall in commodities then u should buy. On the technical chart euro is showing some short of recovery if we take a look on the stochastic. So a rally is not ruled out from the present levels. So take a look on euro and then take any position. Also keep an eye on euro that whether it goes down below it support of 1.30. If it breaks this support then we may sell another panic selling in commodities. Till then my recommendation will be try to buy on lower levels. Thanks....

Buy EURO @ 1.32 TGT 1.38, 1.42, 1.47 sl 1.32

You can use this on all other commodities. Like Bullions, Metals, Base Matals and Energy.

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