Nickel : A commodity that has made a high of the 1700+ mark in 2006 and made a low of below 500 matk, thus it's very volatile commodity so far n to say something about it is very difficult but m just giving a try , nowadays this is april contact trading at 638 with a low of 636.1
It is just looking down side till it won't cross 645 level closing bases. Till it is looking very down. You may call me for the levels.
Dear All Investors Here I wanted to say some thing about the International Commodities Market- I am felling That at world level there will be gone big changes in world Economy and there will be some of these major factors will lead these changes Sub Prime (U.S. Financial crisis) Crude Oil Prices Gold Prices Decreasing Dollar Price (Against Euro and Yen) Presently Crude Oil is trading near 85 to 95 brl and I think it will touch 100$ very soon if it crosses 100 dollar we may see 105 and 112$ levels very soon. thus gold really will rock n roll curent price of gold is near 870$ to 890$ Per Oce. And if it happens the price of gold will rock n roll My first trg for it is 950$/oce then every thing is up on crude oil inventory and fed action about ROI. There is one more factor will lead the reasons ECB is about to announce a quoter trillion dollar loss under sub prime crisis. if inventory comes in negative gold may cross 968$ and if it happen next target will be 995$; 1005-07...
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