Technical Views - Commodities 30th June 2011
MCX GOLD1
TREND : Another day of consolidation, Wait for a breakout to trade. The range of consolidation is 22035 - 22185. Though our major levels for the next few days are 22000 - 22225. For today we can look to sell near 22175 with 22185 as SL and buy around 22050 with 22025 as SL. Looking at Silver we expect 70% probability of an upside breakout.
SIGNAL : avoid signals inside this range
MCX SILVER1
TREND : After may days a good 500 points profit in Silver. The resistance for today will come at 52200 and the support 51475.
TREND : Another day of consolidation, Wait for a breakout to trade. The range of consolidation is 22035 - 22185. Though our major levels for the next few days are 22000 - 22225. For today we can look to sell near 22175 with 22185 as SL and buy around 22050 with 22025 as SL. Looking at Silver we expect 70% probability of an upside breakout.
SIGNAL : avoid signals inside this range
MCX SILVER1
TREND : After may days a good 500 points profit in Silver. The resistance for today will come at 52200 and the support 51475.
SIGNAL : Use buy and sell signals of TDI BS
MCX Crude1
TREND : As per our expectation Crude surpassed 4230 and we are now closing all our long positions which we mentioned in our last 2 newsletters. Today 4305 will act as a barrier and 4230 as support. Both side opportunities will exist
SIGNAL : Use buy and sell signals of TDI BS
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