Technical Views - Commodities 27th Sep 2011
MCX GOLD1
TREND : Yesterday was one of the better days we had high volatility to begin the day and then during the entire day we could find some consolidation happening. We have touched a bottom for now. The after-effects of such a massacre are going to be equally fast and furious. The ranges have expanded, do not trade on signals near the support and resistances as markets will tend to breach and the fall back.
TREND : Yesterday was one of the better days we had high volatility to begin the day and then during the entire day we could find some consolidation happening. We have touched a bottom for now. The after-effects of such a massacre are going to be equally fast and furious. The ranges have expanded, do not trade on signals near the support and resistances as markets will tend to breach and the fall back.
Support and Resistance - 25500 / 26775
SIGNAL : Use the Buy and Sell signals for small and fixed target.
MCX SILVER1
TREND : Inline with Gold, Silver made its bottom in pure candlestick reversal pattern, A big fall in the first hour, followed by long hammer and finally a bullish candle. Above 50000 silver would remain in the hands of Bulls and try to complete its relief rally.
SIGNAL : Use the Buy and Sell signals for small and fixed target.
MCX SILVER1
TREND : Inline with Gold, Silver made its bottom in pure candlestick reversal pattern, A big fall in the first hour, followed by long hammer and finally a bullish candle. Above 50000 silver would remain in the hands of Bulls and try to complete its relief rally.
Support and Resistance - 49000 - 53000
SIGNAL : Use the Buy and Sell signals for small and fixed target.
MCX Crude1
TREND : Unlike Gold and Silver, Crude has entered its bull zone on the 60 mins charts. We expect Crude touching 4071. On the bearish view, If Crude trades below 3980 then only we can take short positions
Support and Resistance - 3860 / 4075
SIGNAL : Use both buy and sell signals of TDI BS
TREND : Unlike Gold and Silver, Crude has entered its bull zone on the 60 mins charts. We expect Crude touching 4071. On the bearish view, If Crude trades below 3980 then only we can take short positions
Support and Resistance - 3860 / 4075
SIGNAL : Use both buy and sell signals of TDI BS
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1 comment:
http://www.iraingold.com
sold out gold?
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