While the immediate challenge is for the commodity to break and hold above the

1,133.18 level, its Mar 17’10 high and the 1,144.88 level, its Mar. 04 high, we think

that as long as Gold maintains above the 1,088.20 level and its long term rising

trendline currently located at the 1,075.45 level, a violation of those levels is likely.

In such a case, the 1,161.88 level, its Feb. 11 high will be targeted ahead of its

psychological level sited at 1,200 and then its 2009 high at 1.226.33. Its daily and

weekly studies are bullish and pointing higher supporting this view. On any

pullbacks from its current price levels, the 1,098.23 level, its Mar 12’10 low will be

targeted  with a break of there setting the stage for further downside pressure

towards the 1,088.20 level and its longer

term rising trendline at 1,075.45. On the whole, having maintained its recovery tone set from the 1,098.23 level, further

upside risk now eyes the 1,133.18/1,141.88 levels and beyond.

Technical Summary: Set To Return To The 1,141.88 Level

GOLD continues to retain its bullish bias despite its Wednesday

weakness, suggesting a retarget of the 1, 133.18 and 1,141.88 levels is

likely to be seen. On any pullbacks, the 1,098.23 level will come in as

support. Though trading slightly below its Wednesday high at 83.31,

CRUDE OIL continues to maintain its bullish outlook as it looks to

retarget the 83.31 level and head further higher towards the 83.93

level and then the 85.00 level. The 17.62 level is now beckoning as

SILVER continues to maintain its bullish tone set from its 14.63 level.

Beyond the 17.62 level will create scope for additional up move towards the 18.87 level and then the 19.45 level.

WHEAT’s Wednesday strength is currently being met with a reversal suggesting more downside pressure could shape

up towards the 475 level and possibly lower. CORN is also seen giving back most of its Wednesday gains in today’s

trading increasing risk of a decline towards the 361 level and then the 340 level.

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