Technical Views - Commodities 4th July 2011
MCX GOLD1
TREND : 21600 is the last hope for bulls. Though we expect markets to move up a little and then breach this level. But you never know the moods of the markets. Below 21600 we can touch 20600 also. But this is a positional call and it would take a couple of months to achieve the same. For today use the buy signals to play the pull back rally which can which can touch 21900 and 22000. Incase we start the trading below 21600 then wait for 15-30 mins, and then go long on breach of the intraday high or short incase the low breaches
SIGNAL : Use buy and sell signals of TDI BS
MCX SILVER1
TREND : Silver too has fallen sharply and is showing the first signs to retrace before it can decide its next move. For today 50375 will act as resistance and 49650 as support.
TREND : 21600 is the last hope for bulls. Though we expect markets to move up a little and then breach this level. But you never know the moods of the markets. Below 21600 we can touch 20600 also. But this is a positional call and it would take a couple of months to achieve the same. For today use the buy signals to play the pull back rally which can which can touch 21900 and 22000. Incase we start the trading below 21600 then wait for 15-30 mins, and then go long on breach of the intraday high or short incase the low breaches
SIGNAL : Use buy and sell signals of TDI BS
MCX SILVER1
TREND : Silver too has fallen sharply and is showing the first signs to retrace before it can decide its next move. For today 50375 will act as resistance and 49650 as support.
SIGNAL : Use buy and sell signals of TDI BS
MCX Crude1
TREND : 4190 - 4300 are the levels for today again. Buy at the lower range and sell around the higher range.
SIGNAL : Use buy and sell signals of TDI BS
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