Technical Views - Commodities 29th June 2011
MCX GOLD1
TREND : Gold is in a mood to consolidate which is very good. The range of consolidation is 22035 - 22175. Though our major support for the next few days is 22000 - 22225. For today we can look to sell near 22155 with 22180 as SL and buy around 22050 with 22025 as SL
SIGNAL : avoid signals inside this range
MCX SILVER1
TREND : 50300 - 51245 is the consolidation range of silver. We can sell around the upper range and buy around the lower range. But definitely trade the breakout.
TREND : Gold is in a mood to consolidate which is very good. The range of consolidation is 22035 - 22175. Though our major support for the next few days is 22000 - 22225. For today we can look to sell near 22155 with 22180 as SL and buy around 22050 with 22025 as SL
SIGNAL : avoid signals inside this range
MCX SILVER1
TREND : 50300 - 51245 is the consolidation range of silver. We can sell around the upper range and buy around the lower range. But definitely trade the breakout.
SIGNAL : avoid signals inside this range
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. On the extreme higher side we can touch 4230.
SIGNAL : Use only buy signals of TDI BS
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