Technical Views - Commodities 11th July 2011
MCX GOLD1
TREND : Against our expectation Gold exploded upwards in the evening trading. These situations are very tricky and indicate a culmination of a trend. We expect Gold to correct in this week to 22200. Use the sell signals to go short and buy signals only to exit. Avoid longs for now.
Aggressive players wanting to go long should be very cautions and be ready to book small losses to avoid any major big loss
TREND : Against our expectation Gold exploded upwards in the evening trading. These situations are very tricky and indicate a culmination of a trend. We expect Gold to correct in this week to 22200. Use the sell signals to go short and buy signals only to exit. Avoid longs for now.
Aggressive players wanting to go long should be very cautions and be ready to book small losses to avoid any major big loss
Support & Resistance - 22285 - 22375
SIGNAL : Use Sell Signals of TDI BS
MCX SILVER1
TREND : From a months perspective we are bullish but from weekly perspective we have turned bearish. We will use sell signals to go short in Silver.
SIGNAL : Use Sell Signals of TDI BS
MCX SILVER1
TREND : From a months perspective we are bullish but from weekly perspective we have turned bearish. We will use sell signals to go short in Silver.
Support & Resistance - 53920 - 55000
SIGNAL : Use Sell Signals of TDI BS
MCX Crude1
TREND : Based on our assumptions we saw 4250, This is a correction which we had expected and had advised our clients to exit also. Those sill long should exit below 4250 - 55.
The positional long in Crude will again be created on a 30min buy signal on the charts.
SIGNAL : Use only buy and sell signals of TDI BS
TREND : Based on our assumptions we saw 4250, This is a correction which we had expected and had advised our clients to exit also. Those sill long should exit below 4250 - 55.
The positional long in Crude will again be created on a 30min buy signal on the charts.
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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