GOLD : ready to break (up or down) lets wait and trade

 Gold is the better trading bet for the day.
 
Technical Views - Commodities 19th May 2011

MCX GOLD1
TREND : Exactly as we planned, the breakout did not happen yesterday. Today we might get a big move on the breach of 21800 - 21950. Both levels need to trade for 15 mins minimum for the trade confirmation
SIGNAL : Avoid using the signals for the day. Trade the breakout only

MCX SILVER1
TREND : The shorts below 53475 were in profit yesterday. For today the levels to trade are 52665 - 54265. If gold breaks up, we expect silver to also touch 54840
SIGNAL : Use buy n sell signals of TDI BS for the day


MCX Crude1
TREND : The sell signals were profitable yesterday. For today watch for buying signals and sell only below 4415
SIGNAL: Both buy and sell signals of TDI - BS can be used for the day.


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