Contrasting Gold and Crude markets in April-May
Based on Energy Pro Analytics 11th April 2011
Kant.pandit, Center Business Intelligence and Forecasting
The current market phase of gold and crude oil is likely to end by April 12-13, 2011. This phase is seen acting bullish for both the segments. Gold is already heavyweight by now and is likely to lose some weight.
The new phase starts from April13 and is likely to carry with it mixed blessings in gold and crude market. Crude oil may remain luckier than gold in recent future as per the analysis based on
`Energy-Pro Analytics’
The precious metal may not return profit from13th April 2011 0nward. The fragment from 13.4 to 26.4 may be registering a fall in gold price. During this period Crude oil is likely to go up to touch around$130-$133 per barrel. There is likelihood of change in equation of gold and crude markets by 8th May 2011. Kindly wait for my next posting on this subject.
The world crude oil market may be under stress with renewed volatility in the crude supply position caused by some new untoward development in the Arab and African oil world thereby impacting the oil supply position. You may visit `Businessforecast.webs.com’ for more forecasts on gold and crude in 2011.
Tags: Commodity Price trends
