Mentha and Potato will be the action counters today

Technical Views - Commodities 29th Sep 2011

   
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MCX GOLD1
TREND : Another day of consolidation, We will see some action today up or down unclear as of now, But all our signal subscribers can take the direction from the Buy and Sell signals of TDI BS as they appear in the course of the trading day. Keep volumes low and exit on fixed target today also.

Support and Resistance - 25500 / 26250
SIGNAL : Use the Buy and Sell signals for small and fixed target.

MCX SILVER1
TREND : Inline with gold, silver also consolidated yesterday and we expect some moves, not very big but trade-able moves today in both directions.

Support and Resistance - 51000 - 53500

SIGNAL : Use the Buy and Sell signals for small and fixed target.

MCX Crude1
TREND : Below 4040 expect some selling pressure, incase 4040 is not breached we will take longs on buy signals
Support and Resistance - 4040 / 4150
SIGNAL : Use both buy and sell signals of TDI BS

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