GOLD - Next Stop 26500

Technical Views - Commodities 8th Sep 2011

  

MCX GOLD1
TREND : We have a confirmed reversal and we expect Gold to fall till 26500 in the coming days. As our trading strategy we would like to take both buy and sell signals on the charts today  

Support and Resistance - 27000 / 27400
SIGNAL : Use buy and sell signals of TDI BS

MCX SILVER1
TREND : Silver gave a smart recovery yesterday, but still will face resistance at the higher levels. We suggest our clients to book profits at lover levels for today, without waiting for signals to reverse. The trading in Silver is volatile and you will get up and down moves. But to make profits yo need to exit at will and not wait for signals

Support and Resistance - 63950 - 64650

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

MCX Crude1
TREND : One sided move which resulted in huge profits for us. For today use buy signals for small profits and let your sells run. The rise was tremendous and correction will also be a good big swing
Support and Resistance - 4115 / 4140
SIGNAL : Use Buy and Sell Signals of TDI BS

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