Tuesday, July 19, 2011

Today’s Recommendation

Commodity/Period Daily 4 Hourly Strategy
Gold Bullish Bullish Ignore Sell Signal & Buy on 1 Hourly Buy signal
Silver Bullish Bullish Ignore Sell Signal & Buy on 1 Hourly Buy signal
Crude Oil Side Way Side Way No Trade is recommended
Copper Side Way Side Way No Trade is recommended

This is highly probable strategy. Place stop loss below than previous day’s low or above than previous day’s high for your protection.

Gold October Contract has been released. So trade for Gold October contract rather than August Contract. 

Thursday, July 14, 2011

Today’s Major Data

Today's Major Data: (www.fwfutures.com)

  • Us Job Data || Positive
  • Core PPI || Positive


 

Fundamentally

Crude will go up

Copper will go up

Rest let the market to set trend! And follow the technical (graphical) pattern.

Gold at Life time High

Far west Futures! (Dhangadhi) Gold is trading at its life time high price. Gold is trading at $1592. Now gold is 10 dollar lower than its psychological target of US $ 1600. Have closer eye on Gold. Above $ 1600, it can go for some correction.

USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...