Technical Views - Commodities 26th Sep 2011
MCX GOLD1
TREND : My collars are not up and neither my ego is on a new high, time and again i would just like to stress the fact that Technical Analysis works and if we follow some basic rules then you might lose some but gain many and the net effect will always be positive. One thing that still is out of my thinking is the speed of the fall. This makes me think twice on should i go long or should i go short. And the answer i get is NO POSITIONS, we are in a juncture of euphoria anything can happen a 1000 rupees up or down is not a big call in Gold but a 1000 rupees mtm will wash my capital. I plan to stay out till the time gold settles and trades for at least 3-4 hours without any major up or down moves.
TREND : My collars are not up and neither my ego is on a new high, time and again i would just like to stress the fact that Technical Analysis works and if we follow some basic rules then you might lose some but gain many and the net effect will always be positive. One thing that still is out of my thinking is the speed of the fall. This makes me think twice on should i go long or should i go short. And the answer i get is NO POSITIONS, we are in a juncture of euphoria anything can happen a 1000 rupees up or down is not a big call in Gold but a 1000 rupees mtm will wash my capital. I plan to stay out till the time gold settles and trades for at least 3-4 hours without any major up or down moves.
Support and Resistance - 25515 / 27132
SIGNAL : avoid trading
MCX SILVER1
TREND : Silver has lead the rally and will make the bottom also first. We anticipate the bottom time wise will be completed by Monday or Tuesday
SIGNAL : avoid trading
MCX SILVER1
TREND : Silver has lead the rally and will make the bottom also first. We anticipate the bottom time wise will be completed by Monday or Tuesday
Support and Resistance - 50150 - 56600
SIGNAL : avoid trading
MCX Crude1
TREND : Inline with all commodities falling Crude also was hit though the blow was not very severe. Both buy and sell opportunities exit
Support and Resistance - 3850 / 4075
SIGNAL : Use both buy and sell signals of TDI BS
TREND : Inline with all commodities falling Crude also was hit though the blow was not very severe. Both buy and sell opportunities exit
Support and Resistance - 3850 / 4075
SIGNAL : Use both buy and sell signals of TDI BS
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2 comments:
for the bears?
i want to see a real bear. HEHE
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