Technical Views - Commodities 7th June 2011
MCX GOLD1
TREND : The gap in price of 2 trading months resulted in the channel breakout. Since this is not a normal price rise, we will not use it as a breakout and wait for new patterns to develop. For today 22800 will act as resistance and 22650 as support
SIGNAL : Use Buy Sell Signals of TDI BS.
TREND : The gap in price of 2 trading months resulted in the channel breakout. Since this is not a normal price rise, we will not use it as a breakout and wait for new patterns to develop. For today 22800 will act as resistance and 22650 as support
SIGNAL : Use Buy Sell Signals of TDI BS.
MCX SILVER1
TREND : We made some money in silver by going long. For today longs can be created only above 55800 or closer to 54500-700 when a buy signal comes on the charts. Shorts can be created with a SL of 55800 only.
SIGNAL : Use buy and sell signals of TDI BS for the day
TREND : We made some money in silver by going long. For today longs can be created only above 55800 or closer to 54500-700 when a buy signal comes on the charts. Shorts can be created with a SL of 55800 only.
SIGNAL : Use buy and sell signals of TDI BS for the day
MCX Crude1
TREND : Against our expectations Crude was very volatile and we lost some money in it. For today 4430 is support and 4500 is resistance.
SIGNAL: Use Buy and sell signals of TDI BS
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TREND : Against our expectations Crude was very volatile and we lost some money in it. For today 4430 is support and 4500 is resistance.
SIGNAL: Use Buy and sell signals of TDI BS
Your feedback and comments are always welcome. For any issues with understanding the newsletter content please mail us on info@topdataindia.com
Please Like US on Facebook
Please follow us on twitter @topdataindia
For a free demo of our TDI BS signals and other products please contact 9717555433 /466
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