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Friday, January 30, 2009

UPDATE

TECHNICALS FOR NYMEX TRADING JAN 30

MCX MARCH SILVER

SHORT TERM ; SIDEWAYS

LONG TERM : BULLISH

SUPPORTS ; 19760, 19580, 19360

RESISTANCES ; 19880, 20080, 20160

WAIT FOR CONFIRMATION

9 comments:

Anonymous said...

If US GDP data is bad then its a positive setiments to bullion or negative?

akshaya said...

junaid,

it is positive for bullion!!!!!!!!

akshaya

akshaya said...

junaid,

gdp survey -3.5

actual -3.5

prior -.38

Anonymous said...

Oh then stay away from shorting anymore lots, wait & watch

akshaya said...

junaid,

better to exit some of yr shorts. gold holding above 14390 levels is upswing for bullions incl silver.
akshaya

Anonymous said...

Silver&gold is loosing its glitter, can i go short now at 19750

Anonymous said...

Hi, Can i do hedging on silver with long on April series & short on Feb series

akshaya said...

junaid,


avoid shorts at this point of time till trend becomes clearer for downward sentiment.

reg. hedging, trend asof now is only signalling a positive trend and hence advisable to hold on to lons only.
akshaya

Anonymous said...

Hi, Akshaya

Thanks a lot for your valuable tips,its great & works.