Technical Views - Commodities 28th Sep 2011
MCX GOLD1
TREND : On expected lines, the volatility was down, neither it went up in a hurry nor did it fall. There seems to be a consensus among the bulls and bears for now. This type of consolidation is good for us to analyze Gold. The support and resistance are the same as yesterday. We expect silence today again.
TREND : On expected lines, the volatility was down, neither it went up in a hurry nor did it fall. There seems to be a consensus among the bulls and bears for now. This type of consolidation is good for us to analyze Gold. The support and resistance are the same as yesterday. We expect silence today again.
Support and Resistance - 25500 / 26775
SIGNAL : Use the Buy and Sell signals for small and fixed target.
MCX SILVER1
TREND : And the relief is completed exactly at 50% retracement levels. Silver is becoming a technical analysts role model. Completing 50% retracement does not mean it will fall, But yes we can now use the breach of 56000 as a level to initiate new longs for a target of 58000. Until then we are in for a consolidation or a down move.
SIGNAL : Use the Buy and Sell signals for small and fixed target.
MCX SILVER1
TREND : And the relief is completed exactly at 50% retracement levels. Silver is becoming a technical analysts role model. Completing 50% retracement does not mean it will fall, But yes we can now use the breach of 56000 as a level to initiate new longs for a target of 58000. Until then we are in for a consolidation or a down move.
Support and Resistance - 51000 - 54000
SIGNAL : Use the Buy and Sell signals for small and fixed target.
MCX Crude1
TREND : Bang on target and it was our delight to trade crude yesterday. IN the morning we got some whipsaws, but during the evening sessions we could make good money.
Support and Resistance - 4070 / 4150
SIGNAL : Use both buy and sell signals of TDI BS
TREND : Bang on target and it was our delight to trade crude yesterday. IN the morning we got some whipsaws, but during the evening sessions we could make good money.
Support and Resistance - 4070 / 4150
SIGNAL : Use both buy and sell signals of TDI BS
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2 comments:
http://www.iraingold.com
yes this is true
updates for the gold rate?
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