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Tuesday, July 14, 2009
Monday, July 13, 2009
Crude Technical Analysis 13th July 2009
Crude possiblity of Small pull back . Check out chart for the upper resistance in near zone
Note : Reco open on Crude BTST :: Booked half and Moved SL below Cost
Friday, July 10, 2009
Thursday, July 9, 2009
Crude Technical Analysis 9th July 2009
Crude Chart 15-min , Loads of Buy / Sell Reversals indicated in Short Span of time . Suggesting bears Might be Looseing Strength or Some profit Booking & Consolidation before Next move
Expecting a Good Move upto 62.8 if manges to Cross 60.6 Before making New Low
Note :: Chart is Updated For Educational purpose to Explain Few Technical terms And Shouldnt be Taken as a trading Recommendation
Wednesday, July 8, 2009
Silver Technical Analysis 8th July 2009
Silver Currently trading at 12.95 $ , had broken the important medium downward Trend line coming up from the recent lows of 8.44 $. The break-down level was 13.25$--13.35$ . On Daily Charts after closing taking Support at 12.97$ the Short term Support it Reversed back to Re test the Support which was broken and it acted as String resistance. Breaking below 12.97$ again . The Yellow trend line on Chart is Medium term trend line & Red Horizontal Line Shows the 12.97 $ Support
Looking at Intraday 15 Min Charts , a Evening Star & gravestone Doji Were Clearly visible , Signally that its Facing Strong Resistance at 13.15 $ levels and Inviting Fresh Shorts
A Close below 12.97$ Would Initiate further selling pressure Which Could drag Down the prices to 12.68$--12.54$--12.25$ Over Next few Days--week
Gold Technical Analysis 8th july 2009
Gold has been trading Sideways to lower Range In a descending bearish triangle , For past couple of Days . Comex Gold is Finding Support at 920$ , While Facing Stiff Resistance at 934$ & 945 $ Levels, We Expecting Gold to Move Downwards today breaking the Support of 920$ below Which could test 915 $---902 $ , Those holding postional Shorts May maintain 935$ as SL for 4 Hour Closing basis
Tuesday, July 7, 2009
Crude Technical Analysis 7th July 2009
Crude Oil Intraday has made Dragon Fly doji , Intraday players Can take Long with SL below that
MCX traders SL at 3050
Monday, July 6, 2009
Gold Technical Analysis 6th July 2009
Gold for past 3 Weeks has been trading in small range of 920 -945 $ . Looking at the weekly charts it has formed a lowertop and bearish Candlestick pattern -- the harami Which is a Strong short term Reversal pattern . At Same time the Momentum trend Line From 681$--to Recent High of 1007 $ is giving Supports at 922 $ , Currently it has Breached Same in intraday . A Close Below 913 on weekly Basis would Confirm the Breach and Could Open possible Downside trgts of 902 ( Interim Good Support) & below that 888 $ . Postional traders Can Look to Short gold at Current Levels With Nearest SL at 938$ & safe one being at 946$
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