Technical Views - Commodities 10th June 2011
MCX GOLD1
TREND : For today support comes at 22500, and resistance at 22650. Gold is trying to consolidate at these levels. So our trading strategy will be to book small profits and exit on small SL also. Major moves only above 22800 or below 22500. (at 22550 we got stopped out twice so we feel the better breakdown level has been shifted to 22500
SIGNAL : Use Buy Sell Signals of TDI BS.
MCX SILVER1
TREND : A cross of 55400 has given us a sign of a move till 59000 in the making. Though the confirmations are yet to come which we will communicate through this blog. But yes we have seen the first signs of a 3000 point rise from here. For today 56950 is a good resistance and you can use the same as SL to buy or sell depending upon the signal. At the lower end 54800 is the support
SIGNAL: Use both Buy and Sell signals.
MCX Crude1
TREND : We went down and we went up, but not a single trade was done. the range for today is 4500 - 4580. Bias has turned bullish
SIGNAL: Avoid signals for the day
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For a free demo of our TDI BS signals and other products please contact 9717555433 /466
MCX GOLD1
TREND : For today support comes at 22500, and resistance at 22650. Gold is trying to consolidate at these levels. So our trading strategy will be to book small profits and exit on small SL also. Major moves only above 22800 or below 22500. (at 22550 we got stopped out twice so we feel the better breakdown level has been shifted to 22500
SIGNAL : Use Buy Sell Signals of TDI BS.
MCX SILVER1
TREND : A cross of 55400 has given us a sign of a move till 59000 in the making. Though the confirmations are yet to come which we will communicate through this blog. But yes we have seen the first signs of a 3000 point rise from here. For today 56950 is a good resistance and you can use the same as SL to buy or sell depending upon the signal. At the lower end 54800 is the support
SIGNAL: Use both Buy and Sell signals.
MCX Crude1
TREND : We went down and we went up, but not a single trade was done. the range for today is 4500 - 4580. Bias has turned bullish
SIGNAL: Avoid signals for the day
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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