Technical Views - Commodities 4th Oct 2011
MCX GOLD1
TREND : The breakout has happened and a final breach above 26675 will lead to a momentum rise. Though we have turned bullish and will look to buy Gold but there is one note of caution. Today by any chance Gold should not trade below 26245. In the event of Gold trading below 26235 we will consider this as a false breakout and initiate short positions
TREND : The breakout has happened and a final breach above 26675 will lead to a momentum rise. Though we have turned bullish and will look to buy Gold but there is one note of caution. Today by any chance Gold should not trade below 26245. In the event of Gold trading below 26235 we will consider this as a false breakout and initiate short positions
Support and Resistance - 26235 / 26675
SIGNAL : Use the Buy signals if gold stays above 26235 and short only below this levl
MCX SILVER1
TREND : Ironically Silver did not breakout yesterday. The bands are squeezing and the pressure building. We expect the breakout today or tomorrow
SIGNAL : Use the Buy signals if gold stays above 26235 and short only below this levl
MCX SILVER1
TREND : Ironically Silver did not breakout yesterday. The bands are squeezing and the pressure building. We expect the breakout today or tomorrow
Support and Resistance - 49800 - 52500
SIGNAL : Use the Buy and Sell signals
MCX Crude1
TREND : A very volatile trading day yesterday for crude. The trading pattern suggests a short term bottom in place. Higher quantities on buy signals and lower quantities on the sell signal will be the trading strategy for today
Support and Resistance - 3805 / 3920
SIGNAL : Use both buy and sell signals of TDI BS
TREND : A very volatile trading day yesterday for crude. The trading pattern suggests a short term bottom in place. Higher quantities on buy signals and lower quantities on the sell signal will be the trading strategy for today
Support and Resistance - 3805 / 3920
SIGNAL : Use both buy and sell signals of TDI BS
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4 comments:
fantastic post sir and very informative.
is it rue that gold is going down this year?
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