Monday, June 27, 2011

Pull backs seen on Gold, Silver and Crude

Technical Views - Commodities 27th June 2011

MCX GOLD1
TREND : Nifty broke up with a bang and Gold broke down with a bang also. Gold might find support around 22125 temporarily. For today the support is at 22125 and resistance at 22280. Below 22125 we will touch 22000 and on the upper side we can touch 22400-450 in the next couple of days.
SIGNAL : use both buy and sell signals of TDI BS

MCX SILVER1
TREND : A bullish divergence is seen on the charts which does not mean that silver cannot breach its low of 51720. But yes we will look to buy on all the buy signals that will see in the next 2-3 days. Below 51720 we will create shorts for small and quick profits only. 52210 will be the resistance for the day.
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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