Technical Views - Commodities 11th May 2011
MCX SILVER1
TREND : 59000 almost achieved and still more to go, that's what the charts are saying. Above 59000 the next stop is 60125 - 60925. As i said earlier a 20000 point fall will result in a few thousand points correction also. So till the charts are suggesting buy side opportunities, lets party and when they suggest a fall we will party again by selling it. On the downside trades below 58150 are the first signs of trend reversing and below 57650 we can start creating shorts.
SIGNAL : Both buy and sell signals of TDI - BS can be used for the day.
MCX GOLD1
TREND : Gold broke the range against are expectations. The charts suggest upside move till 22250. This is a CAUTIOUS level for Gold, we do not rule out that it cant rise beyond that but we expect volatility to come in and some good fighting between the bulls and bears. So stay out around 22250 and then as the air clears trade again. Shorts can be created below 22100
SIGNAL : Both buy and sell signals of TDI - BS can be used for the day.
MCX Crude1
TREND : 4675 is where this uptrend can terminate. Crude seems to be comparatively the most bearish of the 3 commodities we follow. The rise is very corrective in nature and suggests a fall in the making. Let some levels break on the down side and we will alert you to take short positions. For today resistance around 4675 and shorts only below 4525
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
TREND : 59000 almost achieved and still more to go, that's what the charts are saying. Above 59000 the next stop is 60125 - 60925. As i said earlier a 20000 point fall will result in a few thousand points correction also. So till the charts are suggesting buy side opportunities, lets party and when they suggest a fall we will party again by selling it. On the downside trades below 58150 are the first signs of trend reversing and below 57650 we can start creating shorts.
SIGNAL : Both buy and sell signals of TDI - BS can be used for the day.
MCX GOLD1
TREND : Gold broke the range against are expectations. The charts suggest upside move till 22250. This is a CAUTIOUS level for Gold, we do not rule out that it cant rise beyond that but we expect volatility to come in and some good fighting between the bulls and bears. So stay out around 22250 and then as the air clears trade again. Shorts can be created below 22100
SIGNAL : Both buy and sell signals of TDI - BS can be used for the day.
MCX Crude1
TREND : 4675 is where this uptrend can terminate. Crude seems to be comparatively the most bearish of the 3 commodities we follow. The rise is very corrective in nature and suggests a fall in the making. Let some levels break on the down side and we will alert you to take short positions. For today resistance around 4675 and shorts only below 4525
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
No comments:
Post a Comment