COMMODITY: 16/09/2011: “GOLD” Trend updated: The Gold is in long- medium- term bull phase .Currently Gold is moving sideways, the Gold is now trading in overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level and has moved down its previous low with good volume points to a negative break out. For short term Gold is in HOLD LONG position and Gold closed below 1 week low with volume signals down breakout.
CURRENCY: 16/09/2011: “USDIND” Trend updated:The Dollar is Strongly strengthening against Indian Rupee .Currently Dollar isin strong uptrend and the trend is supported with good volume The open interestis not increasing with trend. The USDINR is now trading in overbought level. The USDINR is nowtrading in overbought level. The oscillator is showing SELL signal for short termDollar is in HOLD LONG position.
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