report as on 01/04/2010 gold & silver & crude

Silver

The 'IM' structure appeared on silver as we see on the provided chart of the four-hour interval. Therefore, potential offensive bearishness of 'A-B-C' waves could be seen over intraday and short term basis. Indicators support this negative overview.
Recommendation Based on the charts and explanations above our opinion is, selling silver from 17.50 targeting 16.85 and stop loss above 17.90 might be appropriate

Gold

Since the recorded bottom of 24th of March has been placed at 1084.00, gold achieved an 'IM' wave that consisted of 5 waves as seen on the provided four-hour chart. Thereby, we are about to witness 'A-B-C' waves to complete the short term Elliott sequence. Consequently, possible bearishness could be seen over intraday basis, supported by negative signs appearing on Stochastic and RSI-14.
Recommendation Based on the charts and explanations above our opinion is, selling gold from 1112.00 targeting 1095.00 and stop loss above 1122.00 might be appropriate.

Crude succeeded in insuring yesterday's scenario, where it neared the main target with a minor difference at 84.00. Crude is currently facing the recorded top on the 22nd of last month at 83.45, in addition to the negative signs appearing through momentum indicators. This could cause some expected minor bearish movement that is expected to touch support for the ascending channel that organizes current intraday trading at 82.75, followed by a bullish rebound where it achieved through crude the expected bullish intraday trend; targeting first the breach of mentioned resistance then head towards 84.00 followed by 85.20. This scenario will not fail if the four hour candlestick closing below 82.75.
Recommendation Based on the charts and explanations above our opinion is buying oil with the breach of 82.75 targeting 84.00 and stop loss below 81.95, might be appropriate.