Wednesday, June 15, 2011

Silver - Use buy signals to go long today

Technical Views - Commodities 14th June 2011

MCX GOLD1
TREND : Some downside left. major supports are at 22150 and resistance at 22340. We can play both long and short for the day
SIGNAL : Use Sell Signals of TDI BS.

MCX SILVER1
TREND
: Though we have a target of 50900. But today we will go long on the BUY signals also. There is a divergence on the charts which suggest a pull back. So 50900 might be achieved or maybe in the next fall after the pull back. For today 52000 - 52600 are the important levels

MCX Crude1
TREND : For today 4325 and 4385 are the important levels. Avoid signals in crude
SIGNAL: Avoid signals.

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