Friday, July 29, 2011

Silver - can touch 57350

Technical Views - Commodities 29th July 2011
  
MCX GOLD1
TREND : Our analysis paid off and we could get a full 100 point move in gold. Though we have a bullish reversal on the 60min chart we will keep taking the sell signals to short and buy signals only above 23100
Support and Resistance - 22930 / 23100
SIGNAL :
Use sell Signals of TDI BS and above 23100 both buy and sell signals

MCX SILVER1
TREND : A profit of 1000 points in Silver was achieved based on our views yesterday. We still remain bearish and will take only sell signals for today. The extreme target of this bearish move is 57350  
Support and Resistance - 58250 - 58810
SIGNAL : Use sell Signals of TDI BS

MCX Crude1
TREND :
No clear moves in Crude. Intraday traders can use both buy and sell signals.
Support and Resistance
- 4280 / 4325
SIGNAL
: Use Buy and Sell Signals of TDI BS


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2 comments:

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gold and silver coins said...

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