Small is the theme today's trading

Gold, Silver and Crude are entering a Anything Can happen Zone, There are no clear visible signals pointing towards a big move. Thus we suggest SMALL - small quantities and small targets for all 3.


Technical Views - Commodities 14th Sep 2011

  

MCX GOLD1
TREND : Yesterday was neither a bearish nor bullish day. And we did get trapped and booked a small loss in our Intraday trading a/c. The last hour candle gives signs of bullishness. But we are cautious in our Intraday trades, we advise to reduce quantities till 27600 or 28400 breaks decisively.   

Support and Resistance - 27900 / 28400
SIGNAL : Use buy and sell signals of TDI BS

MCX SILVER1
TREND : Against our expectations Silver was all up yesterday, but our trading strategy of taking both buy and sell signals paid off. Charts are in the bullish zone, but we advise to trade small quantities and until a clear signal emerges   

Support and Resistance - 65200 - 66000

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

MCX Crude1
TREND : Bang on target 4150 did never break and we could make good money on Crude trading. 4300 will act as a good resistance and we also have multiple resistance till 4400 also. Avoid trading big quantities. Small trades with small profits is the trading strategy for today
Support and Resistance - 4225 / 4200
SIGNAL : Use buy and sell signals of TDI BS for both long and short

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