Technical Views - Commodities 6th July 2011
MCX GOLD1
TREND : We made our share of profits in the pull back rally till 21900. Though there seems to be some more steam left which can take Gold to 22050. We can use sell signals around 22050 to go short on Gold.
SIGNAL : Use buy and sell signals of TDI BS
MCX SILVER1
TREND : Fast money was made in silver also above 50375. Today the trading in Silver is tricky. 52315 is an area of good resistance which we expect to break in the opening bell. We would not like to enter into any trades in the first hour of trading. We would be taking all signals after the first hour of trading.
TREND : We made our share of profits in the pull back rally till 21900. Though there seems to be some more steam left which can take Gold to 22050. We can use sell signals around 22050 to go short on Gold.
SIGNAL : Use buy and sell signals of TDI BS
MCX SILVER1
TREND : Fast money was made in silver also above 50375. Today the trading in Silver is tricky. 52315 is an area of good resistance which we expect to break in the opening bell. We would not like to enter into any trades in the first hour of trading. We would be taking all signals after the first hour of trading.
SIGNAL : Use buy and sell signals of TDI BS
MCX Crude1
TREND : We had pointed out that Crude is making some bullish moves, Which we will be covering in our newsletter as and when it is confirmed. Yesterday's trading above 4300 has confirmed the pattern and given us a target of 4520 with a SL of 4200 for today. This SL will be moving upwards on a daily basis. SIGNAL : Use only buy 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
No comments:
Post a Comment