report as on 15/04/2010 gold , silver & crude

Silver

Sideways trading is still settled above 161.8% correction for the BC leg; and mostly we also witness stability above 61.8% correction shown above. Accordingly, we withhold our previous expectations for a possible intraday upside move today. Stochastic provided a negative crossover which might increase the volatility and trigger downside corrections, yet at the same time trading above 18.15 -50 MA- will keep the upside wave valid.
The trading range for today is among the key support at 17.85 and key resistance now at 18.90.
Recommendation Based on the charts and explanations above our opinion is, buying silver from 18.35 targeting 18.90 and stop loss below 17.90 might be appropriate

Gold

Gold was trading yesterday within a tight range, biased in sometimes to the downside, as Stochastic needed to exit overbought areas. RSI is stable above 50 while the suggested MA count shows that the bullish fifth is needed to complete the bullish IM. Therefore, we see that an upside wave might affect intraday trading today. Some negativity on Stochastic might force fluctuations from now and indulge in downside corrections.
Recommendation Based on the charts and explanations above our opinion is, buying gold from 1155.00 targeting 1180.00 and stop loss below 1132.00 might be appropriate

Crude succeeded in achieving yesterday's suggested scenario flawlessly and stabilize around the awaited target 86.20. The horizontal resistance 86.35 is forming a sensitive resistance in front of crude, while inching closer to becoming the neckline for the technical pattern that is amidst forming. The negative momentum could force crude to bearish correct, but in overall we expect a bullish overall trend today that depend on two major factors; the first being a clear breach of 86.35 and the second building a base above 84.85. The awaited technical targets are presently around 87.05 then 88.70.
Recommendation Based on the charts and explanations above our opinion is buying oil from 85.45 targeting 87.05 and stop loss below 84.85, might be appropriate.