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Monday, May 17, 2010

report as on 17/05/2010 gold & silver & crude

Silver

The long white candlestick formation of the past week signaled that the IM structure is still in progress according to our suggested Elliott sequence of the medium term basis. Some kind of fluctuation might occur to relieve Stochastic before resuming the awaited bullishness during this week. AROON indicator is still supporting the positive possibility. A break of 19.65 will be able to accelerate thiss scenario.