Technical Views - Commodities 1st July 2011
MCX GOLD1
TREND : Markets time and again tell you that you are not supreme and charts help us in avoiding unnecessary losses. Though we were expecting and upper side breakout but Gold has broken down and we made our money on shorts. The target of this channel breakdown is 21900 which has already been achieved but we expect Gold to settle around 21750 - 800.
SIGNAL : Use buy and sell signals of TDI BS
MCX SILVER1
TREND : The support for Silver for today is at 52200 and resistance at 53200. No major patterns on the charts for today
TREND : Markets time and again tell you that you are not supreme and charts help us in avoiding unnecessary losses. Though we were expecting and upper side breakout but Gold has broken down and we made our money on shorts. The target of this channel breakdown is 21900 which has already been achieved but we expect Gold to settle around 21750 - 800.
SIGNAL : Use buy and sell signals of TDI BS
MCX SILVER1
TREND : The support for Silver for today is at 52200 and resistance at 53200. No major patterns on the charts for today
SIGNAL : Use buy and sell signals of TDI BS
MCX Crude1
TREND : 4190 - 4300 are the levels for today. Buy at the lower range and sell around the higher range. There is an interesting pattern under development on the charts which can take Crude back to 4500. We will inform you as the pattern development is confirmed
SIGNAL : Use buy and sell signals of TDI BS
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