Tuesday, June 28, 2011

Go Long in Gold, Silver and Crude only on Buy signals on intraday charts

Technical Views - Commodities 28th June 2011

MCX GOLD1
TREND : Below 22125 we missed 22000 by a whisker, Gold made a low of 22037 and rebounded. I expect this bottom not to breach and we should use all the buy signals to go long for a target of 22325 in the next couple of days. I would avoid shorts at higher levels and shorts initiated below 22000 should be made only fro quick profits. 
SIGNAL : use buy signals of TDI BS

MCX SILVER1
TREND : Comparatively bearish as compared to Gold, But silver also should find its bottom today and then start moving up. Please do not buy at will. On the realtime charts let the buy signal confirm and then go long.  
SIGNAL : Use only Buy signals of TDI BS
MCX Crude1
TREND : 4060 will act as the support and 4190 as the resistance. We will look to go long on all the Buy signals on the charts for the next 2-3 days. Shorts only below 4060
SIGNAL : Use only buy signals of TDI BS

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