Monday, May 9, 2011

Technical Views - Commodities 9th May 2011

MCX SILVER1
TREND : Silver1 has entered in the corrective uptrend. Yes the corrective rise can also be of a few thousand points and Silver one can touch 57450 in its corrective uptrend. For today, we expect a sideways movement between 54400 - 56400
SIGNAL : Avoid taking TDI BS signals in the above range.

MCX GOLD1

TREND
: We have a days of consolidation between 21650 and 21940. A break on either side can result in a trading opportunity. From a weeks perspective we expect GOLD1 to touch 22100  SIGNAL : Both buy and sell signals of TDI - BS can be used for the day.

MCX Crude1

TREND
: As per our expectation Crude1 has been consolidating and will remain in the range of 4400 - 4500 for a day or two

SIGNAL: Avoid taking TDI BS signals in the above range.


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