Wednesday, June 8, 2011

Consolidation is what we expect today

Technical Views - Commodities 8th June 2011

MCX GOLD1
TREND : For today support comes at 22550, and resistance at 22800. Gold is trying to consolidate at these levels. So our trading strategy will be to book small profits and exit on small SL also. Major moves only above 22800 or below 22550.
SIGNAL : Use Buy Sell Signals of TDI BS.
MCX SILVER1
TREND : Profits in both directions. For today again the support is at 54800 and resistance at 55850. avoid signals between this range
SIGNAL : Avoid signals for the day
 
MCX Crude1
TREND : 4450 is the resistance and support at 4380. Bias is bearish, but avoid signals until something clear is visible on the charts
SIGNAL
Avoid signals for the day
 

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