Technical Views - Commodities 22nd June 2011
MCX GOLD1
TREND : On expected lines, we breached 22700 and touched 22794 very close to our target of 22800. Since 22800 is a major resistance we are planning to exit our positional long of 22550 around 22750-70 and build the longs again above 22800. For today, support is at 22700 and resistance at 22800.
SIGNAL : use both buy and sell signals of TDI BS
MCX SILVER1
TREND :Unlike Gold, Silver is creeping upwards which is not a good sign. We can look for sell signals to sell Silver from today. And exit positions on buy signals. Longs can be made only on the breach of 54825
TREND : On expected lines, we breached 22700 and touched 22794 very close to our target of 22800. Since 22800 is a major resistance we are planning to exit our positional long of 22550 around 22750-70 and build the longs again above 22800. For today, support is at 22700 and resistance at 22800.
SIGNAL : use both buy and sell signals of TDI BS
MCX SILVER1
TREND :Unlike Gold, Silver is creeping upwards which is not a good sign. We can look for sell signals to sell Silver from today. And exit positions on buy signals. Longs can be made only on the breach of 54825
SIGNAL : Use only sell signals of TDI BS
MCX Crude1
TREND : 4300 is make or break level for Crude for today. Above 4300 we expect 4350 and below 4300 we can touch 4220 again.
SIGNAL : Use buy and sell signals of TDI BS
MCX Crude1
TREND : 4300 is make or break level for Crude for today. Above 4300 we expect 4350 and below 4300 we can touch 4220 again.
SIGNAL : Use buy and sell signals of TDI BS
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