Technical Views - Commodities 8th July 2011
MCX GOLD1
TREND : We expect Gold to remain sideways today again. The support for the day is at 22050 and resistance at 22200. Keep your targets and SL small for today.
SIGNAL : avoid signals of TDI BS
MCX SILVER1
TREND : Yesterday's trading though had a bullish bias but was lackluster, We saw both side trading opportunities. Today we expect to remain sideways to down and would like to use the sell signals to go short on Silver
TREND : We expect Gold to remain sideways today again. The support for the day is at 22050 and resistance at 22200. Keep your targets and SL small for today.
SIGNAL : avoid signals of TDI BS
MCX SILVER1
TREND : Yesterday's trading though had a bullish bias but was lackluster, We saw both side trading opportunities. Today we expect to remain sideways to down and would like to use the sell signals to go short on Silver
SIGNAL : Use Sell Signals of TDI BS
MCX Crude1
TREND : Against our expectations crude remained bullish in the evening session. Though we expect 4520 in the couple of weeks ahead, but we are also are getting first signals of crude trying to correct back till 4275. So we advise our positional traders to start booking profits on the 4300 position at the sell signal of 15 or 30 minute charts and reenter the long position when the buy signal appears again.
The positional SL for long in Crude is at 4255 for today.
SIGNAL : Use only buy and sell signals of TDI BS
TREND : Against our expectations crude remained bullish in the evening session. Though we expect 4520 in the couple of weeks ahead, but we are also are getting first signals of crude trying to correct back till 4275. So we advise our positional traders to start booking profits on the 4300 position at the sell signal of 15 or 30 minute charts and reenter the long position when the buy signal appears again.
The positional SL for long in Crude is at 4255 for today.
SIGNAL : Use only 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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