Wednesday, May 25, 2011

Silver - Bang on Target

Thanks to all the investors who believed in our idea and invested in Silver. Keep your short term target at 58000
 
Technical Views - Commodities 25th May 2011




MCX GOLD1
TREND : Today we can go short on Gold below 22335 and Longs anytime as the signals point. We expect Gold 22525 in the next few days.
SIGNAL : Use Buy signals to enter new positions and Sell signals only below 22335

MCX SILVER1
TREND : Today Silver is both a long and short play. With a Stoploss of 52300 we can short silver for a target of 54500 and Take longs only of the Buy signal of TDI BS
SIGNAL : Use buy and sell signals of TDI BS for the day


MCX Crude1

TREND : 4350  - 4550 is the major range. For the day if Crude tries to come close to any levels try to buy around 4400 and short around 4500 for small profits
SIGNAL: Avoid using Buy and Sell signals for today


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