More room to fall ..........Silver and Gold

Technical Views - Commodities 3rd June 2011

MCX GOLD2 (since trading in GOLD1 will expire tomorrow i am covering the charts of GOLD2)
TREND : Some call it skills, some call it gut feeling. But my dear friends this is simple analysis based on the rules set by great Technicians and tweaked by us with experience. We made a fortune yesterday just because the fact we were bearish and yesterdays up-move did not detour us. As expected 20550 (gold1) never crossed. For today we can look to sell again with a SL of 22740 if it retraces to higher levels. Else if Gold2 trades below 20500 it will be again a sell opportunity. I expect the markets to remain volatile today also before it finds its bottom and consolidates  
SIGNAL : Use buy signals and sell signals

MCX SILVER1
TREND : Profits all the way...... Much more than we expected but then this is the beauty of Technical Analysis. For today the higher range of Silver will be 55500 and if Silver cannot hold at 54000 levels, expect 52265 in the next 2-3 days.  
SIGNAL : Use buy and sell signals of TDI BS for the day

MCX Crude1
TREND : Both side trades resulted in profits. For today 4530 will act as resistance. Longs can be created closer to 4440 with 4430 as SL and shorts on Sell signals only
SIGNAL: Use Buy signals and sell signals of TDI BS
 

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