Technical Views - Commodities 2nd Jan 2012
MCX GOLD1
TREND : 27500 will remain to act as a resistance and we expect to take sell signals in this zone. Buy positions will be initiated only if gold trades above 27500
TREND : 27500 will remain to act as a resistance and we expect to take sell signals in this zone. Buy positions will be initiated only if gold trades above 27500
Support and Resistance - 27000 / 27500
SIGNAL : Trade the sells only if 27500 is not breached. Else play both sides
MCX SILVER1
TREND : Silver seems to be the weaker in comparison to Gold,
SIGNAL : Trade the sells only if 27500 is not breached. Else play both sides
MCX SILVER1
TREND : Silver seems to be the weaker in comparison to Gold,
Support and Resistance - 50900 - 52500
SIGNAL : Use the Buy signals only if Silver trades above 52500. Else trade sell signals only
MCX Crude1
TREND : Trading in a 100 point range of 5250 - 5350 for the last 3 days. It is expected to breakout soon, There is also a clear divergence on the daily charts, which will add to the pressure in the fall. We suggest double quantity sell if 5250 is taken out.
Support and Resistance - 5250 / 5350
SIGNAL : Trade the breakout only
TREND : Trading in a 100 point range of 5250 - 5350 for the last 3 days. It is expected to breakout soon, There is also a clear divergence on the daily charts, which will add to the pressure in the fall. We suggest double quantity sell if 5250 is taken out.
Support and Resistance - 5250 / 5350
SIGNAL : Trade the breakout only
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1 comment:
very nice analysis of mcx gold and mcx silver.please blog regularly
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