Technical Views - Commodities 17th June 2011
MCX GOLD1
TREND : 22550 is a major level which we should keep in our mind for the next 2-3 days. Incase we get a closing above the same, A positional buy can be taken.
SIGNAL : Use Sell Signals of TDI BS for the day and above 22550 only buy signals.
MCX SILVER1
TREND : After a long time we can see a horizontal consolidation. 52800 - 53800 is the range of this consolidation. A break will lead to 1000 move which ever side it breaks. Get ready to make at least 800 points from this swing move.
TREND : 22550 is a major level which we should keep in our mind for the next 2-3 days. Incase we get a closing above the same, A positional buy can be taken.
SIGNAL : Use Sell Signals of TDI BS for the day and above 22550 only buy signals.
MCX SILVER1
TREND : After a long time we can see a horizontal consolidation. 52800 - 53800 is the range of this consolidation. A break will lead to 1000 move which ever side it breaks. Get ready to make at least 800 points from this swing move.
SIGNAL : Use signals only for small profits else avoid and trade the breakout
MCX Crude1
TREND : No bounce back but just consolidation was seen in yesterdays trade. Fresh shorts only below 4235 and longs only above 4310. Aggressive longs can be built on the first buy signal of TDI BS
SIGNAL: Use buy signals of TDI BS
MCX Crude1
TREND : No bounce back but just consolidation was seen in yesterdays trade. Fresh shorts only below 4235 and longs only above 4310. Aggressive longs can be built on the first buy signal of TDI BS
SIGNAL: Use buy signals of TDI BS
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