Technical Views - Commodities 19th Sep 2011
MCX GOLD1
TREND : A predictable fall on Thursday and an unpredictable rise on Friday, gives us the conviction to believe that the tussle between the bulls and bears is getting stronger. Since we are in the zone of all time highs, we expect some fast and furious moves in gold. ALL TRADERS/INVESTORS BEWARE, DO NOT SIT ON YOUR LOSS MAKING POSITIONS. The moves of gold will not only be fast and furious but huge too. Huge enough to blow you off the market. Now trend is your friend and please select the time-frame you are comfortable with and trade with strict stop-losses.
Both sides opportunities exist today.
TREND : A predictable fall on Thursday and an unpredictable rise on Friday, gives us the conviction to believe that the tussle between the bulls and bears is getting stronger. Since we are in the zone of all time highs, we expect some fast and furious moves in gold. ALL TRADERS/INVESTORS BEWARE, DO NOT SIT ON YOUR LOSS MAKING POSITIONS. The moves of gold will not only be fast and furious but huge too. Huge enough to blow you off the market. Now trend is your friend and please select the time-frame you are comfortable with and trade with strict stop-losses.
Both sides opportunities exist today.
Support and Resistance - 27350 / 27950
SIGNAL : Use buy and sell signals of TDI BS
MCX SILVER1
TREND : Similar to Gold, moves in the coming weeks will be fast and furious. For today both sides opportunities exist.
SIGNAL : Use buy and sell signals of TDI BS
MCX SILVER1
TREND : Similar to Gold, moves in the coming weeks will be fast and furious. For today both sides opportunities exist.
Support and Resistance - 63900 - 64950
SIGNAL : Use buy and sell signals of TDI BS for both long and short
MCX Crude1
TREND : More downside left. Trade the sell signals only.
Support and Resistance - 4115 / 4200
SIGNAL : Use only sell signals of TDI BS
TREND : More downside left. Trade the sell signals only.
Support and Resistance - 4115 / 4200
SIGNAL : Use only sell signals of TDI BS
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