Technical Views - Commodities 4th May 2011

MCX SILVER1
TREND : We expect the fall of silver1 to stop 61200 and start consolidating in the range of 61200 - 64500. On the extreme lower side silver1 can touch 57000.
SIGNAL : Both buy and sell signals of TDI - BS can be used for the day to make profits. But start using fix targets as Silver will remain volatile
NOTE : Silver1 contract is expiring tomorrow so adjust these levels for Silver2
 
MCX GOLD1
TREND : We expect the fall of Gold1 to stop 22150. On the extreme lower side silver can touch 21500.
SIGNAL : Both buy and sell signals of TDI - BS can be used for the day to make profits.
 
MCX Crude1
TREND : Trading in a tight range of 4950 - 5100 for the last 10 days. Any side breakout will create a swing move of 150 points single day
SIGNAL: Do not use buy and sell singals of TDI - BS in this range. Let it breakout and then start taking siganls