ELLIOTT WAVE

A flat correction differs from a zigzag in that the subwave sequence is 3-3-5, as shown in Figures 1 and 2. Since the first actionary wave,

Fibonacci studies: arcs, fans, retracements, and time

Overview: Leonardo Fibonacci was a mathematician who was born in Italy around the year 1170. It is believed that Mr. Fibonacci discovered..

Indicator

The Negative Volume Index (“NVI”) focuses on days where the volume decreases from the previous day. The premise being that the “smart money” takes positions on days when volume decreases

Basic Technicals

MACD technical analysis MACD technical analysis stands for moving average convergence/divergence analysis of stocks.

Fundamental Analysis

Doubling Stocks Review: Is this a scam? If you are looking for the truth about doubling stocks this is a necessity. One always thought there was something wrong with a doubling of stocks.

Tuesday, September 13, 2011

MCX GOLD,SILVER,CRUDE SUPPORT & RESISTANCE FOR NEXT WEEK

MCX GOLD SUPPORT & RESISTANCE FOR NEXT WEEK

Major support in MCX Gold is 17900 and 17350.Major resistance in MCX Gold is 18900 and 19300
 
SILVER

For the next week traders can use sell on higher level strategy if,Silver sustains below the level of 1880$/1850$ an ounce, and below 1700$ an ounce it can further correct. Trade by keeping the
proper stop losses.

CRUDE


For the next week traders can use buy on lower level strategy if NYMEX Crude sustain above the level of 80$ a barrel by keeping the proper stop loss.

COPPER

For the upcoming week 336 and 356 will act as major resistanceand 293 and 272 will act as major supports. For MCX Copper major resistance would be 349 and 359 and supports would be found at 306 and 284.