Tuesday, July 12, 2011

CrudeOil - Make or Break level 4195

Technical Views - Commodities 12th July 2011

MCX GOLD1
TREND : Another day of good profits, during the course of the trading day we were waiting to short Gold and then suddenly we got a signal around 8pm which made our day. This is the power of charts which i want all of you to experience and also you have to have the patience to wait for the trade to come. In short staying out of the markets is a position which many traders fail to take. For today you can use the sell signals to go short again 
Support & Resistance - 22385 - 22510
SIGNAL :
Use Sell Signals of TDI BS

MCX SILVER1
TREND : We made good money yesterday and will use the sell signals again for today also. From a months perspective we are bullish but from weekly perspective we have turned bearish. We will use sell signals to go short in Silver. 
Support & Resistance - 53450 - 54350
SIGNAL : Use Sell Signals of TDI BS

MCX Crude1
TREND : Make or Break level for crude is 4195. Both side trading opportunities will exist today.
The positional long in Crude will again be created on a 30min buy signal on the charts.

SIGNAL
: Use buy and sell signals of TDI BS
 
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