Technical Views - Commodities 22nd July 2011
MCX GOLD1
TREND : Peculiar ways the market is performing these days, for the entire days it tests the patience of the traders and just before close it makes a momentum move. These trading patterns point to something worse in the future. SO FOR ALL TRADES KEEP STRICT STOPLOSS AND DO NOT WAIT. 22840 is a very crucial level. Gold has tested the same twice and if it breaks the same tomorrow we are in for a big down move. We have some really good news for the bears. Not confirmed yet on the charts but 22400 is a possibility incase we break and close below 22840.
TREND : Peculiar ways the market is performing these days, for the entire days it tests the patience of the traders and just before close it makes a momentum move. These trading patterns point to something worse in the future. SO FOR ALL TRADES KEEP STRICT STOPLOSS AND DO NOT WAIT. 22840 is a very crucial level. Gold has tested the same twice and if it breaks the same tomorrow we are in for a big down move. We have some really good news for the bears. Not confirmed yet on the charts but 22400 is a possibility incase we break and close below 22840.
Support & Resistance - 22840 / 22980
SIGNAL : Use buy and sell Signals of TDI BS
MCX SILVER1
TREND : Another day of profits, our extreme target for the week seems achievable today or tomorrow. We have some really good news for the bears. Not confirmed yet on the charts but 53000 is a possibility incase we break and close below 57000.
SIGNAL : Use buy and sell Signals of TDI BS
MCX SILVER1
TREND : Another day of profits, our extreme target for the week seems achievable today or tomorrow. We have some really good news for the bears. Not confirmed yet on the charts but 53000 is a possibility incase we break and close below 57000.
Support & Resistance - 57000 - 58500
SIGNAL : Use buy and sell Signals of TDI BS
MCX Crude1
TREND : We have entered a positional long at 4400 in Crude yesterday for a target of around 4600. We will use 4320 as SL for this positional long.
Intraday traders can use both buy and sell signals. The support for the day is at 4345 and resistance at 4465.
SIGNAL : Use Buy and Sell Signals of TDI BS
TREND : We have entered a positional long at 4400 in Crude yesterday for a target of around 4600. We will use 4320 as SL for this positional long.
Intraday traders can use both buy and sell signals. The support for the day is at 4345 and resistance at 4465.
SIGNAL : Use Buy and Sell Signals of TDI BS
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For a free demo of our TDI BS signals and other products please contact 9717555433 /466
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