ALERT : Investors (1yr - 2yrs) can think of purchasing Silver at every dip. To learn more on this call me on 987315513 or email info@topdataindia.com
Technical Views - Commodities 17th May 2011
Technical Views - Commodities 17th May 2011
MCX GOLD1
TREND : On the 60 min charts an interesting triangle pattern is being formed. This suggests that there is some more room for consolidation and the breakout is in the making. For today the breakout levels are 21800 - 22100. This pattern also suggests a move of 500-700 points which ever side it breaks. So be very cautious and do not remain against the trend for long.
SIGNAL : Both buy and sell signals of TDI - BS can be used for the day.
MCX SILVER1
TREND : Alas Silver is trying to consolidate. Even on day of consolidation, Our signals could generate profits on both sides. For today 52190 - 53900 will the range. A break on the downward side will lead to good swing sell and on the upward-side Silver can touch 54500.
SIGNAL : Use buy & sell signals of TDI BS for the day
MCX Crude1
TREND : Both side opportunities exist. For the day 4390 - 4500 should be the range. A break on either side will result in trading opportunities.
SIGNAL: Both buy and sell signals of TDI - BS can be used for the day.
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