Silver Up Gold Down ...Kya Karein Aaj

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 18th May 2011

MCX GOLD1
TREND : Gold has broken down on the 60min chart. We are holding our shorts with a sl of 21900. The breakout has happened faster than we thought. So the confidence level in the trade is less. 
SIGNAL : Both buy and sell signals of TDI - BS can be used for the day.

MCX SILVER1
TREND : A 2000 point movement yesterday to us is consolidation only. But the problem on the charts is a bit different. Gold has broken down and Silver is pointing upwards. If i believe there is a correlation so one of my call has to go wrong. Instead of waiting which one. I have traded both with a small SL. And instead of booking small profits i plan to wait for the SL to trigger.
SIGNAL : Use buy & sell signals of TDI BS for the day


MCX Crude1
TREND : We made some money shorting Crude. But today i suggest to go short only below 4300 and look for buy signals to trade Crude. We expect it to touch 4390 again.
SIGNAL: Both buy and sell signals of TDI - BS can be used for the day.


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