Thursday, July 28, 2011

59400 Make or Break level for Silver

Technical Views - Commodities 28th July 2011
  
MCX GOLD1
TREND : We have a negative bias for gold today, and will trade the sell signals only if Gold starts trading below 23060. Incase 23060 is not breached we will take both side signals but for small targets only.
Support and Resistance - 23060 / 23325
SIGNAL :
Use buy and sell Signals of TDI BS above 23060 and below 23060 only sell signals

MCX SILVER1
TREND : 59400 a make or break level for Silver, Use the sell signals to go short and incase 59400 does not breach we can also take the buy signals 
Support and Resistance - 59400 - 59950
SIGNAL : Use buy and sell Signals of TDI BS

MCX Crude1
TREND :
Intraday traders can use both buy and sell signals.
Support and Resistance - 4320 / 4365
SIGNAL : Use Buy and Sell Signals of TDI BS
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