Silver - should break out today.........

We are expecting a big upside move in Gold and Silver. Let your longs run and cut your shorts  for small profits or losses.
 
Technical Views - Commodities 24th May 2011

MCX GOLD1
TREND : Another profitable trading day in GOLD, 22150 will act as support and 22500 as the resistance.
SIGNAL : Use Buy signals to enter new positions and Sell to exit longs

MCX SILVER1
TREND : As per our expectations Silver did not breakout yesterday. Lets wait and trade the breakout today. The first target for Silver is 55000 but the pattern target is 58300.
SIGNAL : Use buy signals of TDI BS for the day


MCX Crude1
TREND : 4550 will remain to act as a resistance and the support is getting breached everyday but Crude does not sustain below the crucial levels. This suggests us that we should use 4350 as support. 4425 is no more a valid supprt
SIGNAL: Both buy and sell signals of TDI - BS can be used for the day.


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