Crude has broken out...........

Some more room on the upper side, but we advise our subscribers to reduce or exit positions and book their profits. Sit on cash for the next move
 
Technical Views - Commodities 26th May 2011

MCX GOLD1
TREND : Sometime market act really funny, targets which should take 2-3 days are being achieved in a day. This is strange for me as this reflects coordinated moves by smart money, in these moves the retail investors get wiped out even before they can change their mind. Just a thought to share, let me come back to my focus. For today go long with small positions and small targets above 22570 and go short below 22460. Keep strict SL for shorts and exit only at SL. Let the profits run on the short side.
SIGNAL : Use Buy signals to enter new positions above 22570 only and Sell signals anytme

MCX SILVER1
TREND : Silver has still not given any confirmations for a fall, but i expect it to remain in the range of 56500 - 58000. We can create aggressive shorts on Sell signal only for a target of 300-400 points with a small SL (but avoid it is a better option). On long side, take the Buy signals as they come 
SIGNAL : Use buy and sell signals of TDI BS for the day


MCX Crude1
TREND : Finally it has broken the 4550 barrier and we are now long on Crude for a target of 4670. No short side opportunity today.
SIGNAL: Use only Buy signals


Your feedback and comments are always welcome. For any issues with understanding the newsletter content please mail us on info@topdataindia.com
Please Like US on Facebook
Please follow us on twitter @topdataindia
For a free demo of our TDI BS signals and other products please contact 9717555433 /466