Gold & Silver Updates
Silver was let down from its previous price & seems to trade on high. Silver if breaks the level of 57850 then all positive trend is for buying. Chances for down side is very rear becuase of International trend. Gold also in plus mode but bot like silver, gold in consolidate phase. Both precious Metal perform mix trend.
Crude Updates
From the level of 5160 crude oil may go for more down side. Oil prices touched an intra-day high of $106.07/bbl and closed at $105.8/bbl on Tuesday. On the MCX, crude oil prices increased by 0.1 percent and closed at Rs.5219/bbl after touching an intraday high of Rs.5240/bbl yesterday. The American Petroleum Institute (API) is scheduled to release its weekly inventories today and crude oil inventories are expected to increase by 1.5 million barrels for the week ending on 17th February 2012. Gasoline stocks are expected to rise by 0.3 million barrels and distillate inventories are expected to decline by 1.1 million barrels for the same week.
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