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Monday, July 28, 2014

MCX / NYMEX - XAGUSD / Silver Trading levels & strategy - 28 Jul

NYMEX

Best buy & Sup @ 20.85 (curr resis) Actual resis & best short level 21 a break above 21.15 upside target 21.46 - 21.66, however a crack below 20.7 downside @ 20.04 - 19.85

Strategy - Sell @ 20.85 avg if get 21.15 target 20.05 stops 21.26


MCX

Best Buy & supp 44414 (current resistance) Actual Resistance & Best Short level 44838 a break above 45262 upside target 46212 - 46636 however a crack below 43990 downside target @ 43042 - 42618

Strategy : Risk Appetite Traders sell @ 44414 avg if get 44838 (also best sell level for low risk appetite traders) target 43042 - 42620 stops 45265
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