In the last outlook we seen MCX Crudeoil – balancing behavior on the weekly and daily timeframe. Since then we had spent more time withing the balance. And now the is a significant change from the sentimental point of view as both daily and weekly sentiment turning down which brings us bias towards the breakdown from the bottom of the balance – 3500 zone.
Three MCX commodities (Gold,Silver,Crude) is positional Trend Update for 6th July 2013. Currently MCX Gold and MCX Silver reversed to sell mode whereas MCX Crude maintains buy mode.
Three MCX commodities (Gold,Silver,Crude) is providing low risk positional entry oppurtunities.In the last two days able to see commodities like MCX Gold,Silver and Crude turning to buy mode.