Market after FOMC:
As per my last thought posted here its going fine till now. USDINR about to reach final target for now.
Cude oil: yet to make a leap rather retested the support of $77.50/70 area and now seems getting ready for a very near term breakout above $101.50 area(settlement to watch) and again res of $103.8/104 will be the challenged to breached for ashoot up for possible target towards $115 (markedas*) followed by a mild res$104.80/105.20 and $108, $111.
Spread option is still looking fine . its within 12.3 to 10 till now. DOW(spot): 2011 high is now facing the challenge. GOLD: this move was due and given a solid breakout last night and pointing towards $1765, $1800, $1834/40. staying above and steadyness will challenge the record high. SILVER: it was outshining gold for last few days. now to face res $33.70 and $35.50. breakout area as per continuation basis and spot basis is comming $36.50. COPPER: Dr is supported abov $3.75, res $4.02, $4.20 and a range can consider within $3.75 to $4.20. ** market is risk, volatility making it riskier.
