Technical Views - Commodities 9th Sep 2011
MCX GOLD1
TREND : We have a confirmed reversal and we expect Gold to fall till 26500 in the coming days. Yesterday's move is just a retracement of the the fall from 28743 to 26857. Our analysis remains intact until 28020 is not taken out. Though as our trading strategy we will take both buy and sell signals but we will trade higher quantities on the sell signals
TREND : We have a confirmed reversal and we expect Gold to fall till 26500 in the coming days. Yesterday's move is just a retracement of the the fall from 28743 to 26857. Our analysis remains intact until 28020 is not taken out. Though as our trading strategy we will take both buy and sell signals but we will trade higher quantities on the sell signals
Support and Resistance - 27625 / 27975
SIGNAL : Use buy and sell signals of TDI BS
MCX SILVER1
TREND : Slightly bullish as compared to Gold, But we expect Silver to give away all its gains in the coming days. This analysis goes wrong if 66850 is taken out with confirmation.
SIGNAL : Use buy and sell signals of TDI BS
MCX SILVER1
TREND : Slightly bullish as compared to Gold, But we expect Silver to give away all its gains in the coming days. This analysis goes wrong if 66850 is taken out with confirmation.
Support and Resistance - 65209 - 66000
SIGNAL : Use buy and sell signals of TDI BS for both long and short
MCX Crude1
TREND : Against our expectation, Crude has moved to sideways correction rather than price wise correction. 4100 is a very good support for Crude, We would take Sell signals only below this level. and buy signals above 4150. Inside this range avoid trading
Support and Resistance - 4100 / 4150
SIGNAL : Avoid Use TDI BS inside the range of 4100 -4150
TREND : Against our expectation, Crude has moved to sideways correction rather than price wise correction. 4100 is a very good support for Crude, We would take Sell signals only below this level. and buy signals above 4150. Inside this range avoid trading
Support and Resistance - 4100 / 4150
SIGNAL : Avoid Use TDI BS inside the range of 4100 -4150
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