Tag «umesh shanmugam»

GOLD REPORT-DEC 2014: Umesh Shanmugam

The technical structure of the gold chart also isn’t pretty. Despite last Monday’s huge upside reversal the daily chart is still exhibiting a bear flag pattern as price remains below a declining 50-day simple moving average and has consistently demonstrated an inability to maintain rallies above the $1200 level: A couple of other headwinds face gold …

Gold Update – Umesh Shanmugam

GOLD: GOLD triggered a recovery higher the past week leaving room for more upside in the new week. However, it will have to overcome the 1,329 level to extend its upside. A failure for this to occur could mean a return to the downside with eyes on the 1,240.00 level with a turn below here …

USD – INR Watch 61.4182 level: Umesh Shanmugam

 Last Close :61.33 Just watch…61.4182 level.Decisive Crossover with volumes and stays above this level for 20 minutes or more will take to 61.768 ,61.8164 level. EXPANDING WEDGE on chart indicates…Major Action Plan in on card with GOI. Will it kiss 62.50—62.80 First ??Or will it Crash to kiss 58.50 level ?????????????

Silver Report: Umesh Shanmugam

Silver is a volatile beast, a scabby snake.It moves like a sidewinder on Adderall — that is, silver won’t flow in a straight line, but it is laser focused on where it has to go.And it’s going up. The last major bull market for silver (prior to 2010, that is) was the 1970s.In the decade of …