Thursday, September 15, 2011

Crude 4300 is trend decider


Technical Views - Commodities 15th Sep 2011

  

MCX GOLD1
TREND : No big action in Gold, as expected volumes were small and moves were volatile. Our strategy to keep order size small and book small profits paid off. Today we advise all our readers to avoid trading in the range of 27950 and 28350. Which ever side the Gold breaks, we will trade in the same direction.      

Support and Resistance - 28030 / 28235
SIGNAL :
Use buy and sell signals of TDI BS

MCX SILVER1
TREND : Similar to Gold, we do not expect any action in the range of 64500 and 65700. Let Silver find its next move and we will jump the band wagon whereever it goes.

Support and Resistance - 64500 - 65350

SIGNAL : Use buy and sell signals of TDI BS for both long and short



MCX Crude1
TREND : Crude has respected 4300 and was in a sideways zone yesterday completing its time wise correction  . Though today we expect a price wise correction too. We will take only the sell signals till 4300 is broken
Support and Resistance - 4215 / 4300
SIGNAL :
Use only sell signals of TDI BS



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