Thursday, May 29, 2008

safe trade calls

GOLD

book profit on sell below 12650/12500, for the day buy ard 12280-290 S/L 12275 and T/p 12350-60/12400 OR sell ard 12610-20 S/L 12625 and T/p 12560-500 upto 12460, anytime close below 12260 test 12075-100 in coming days (any time close above 13000-100/13425 bullish while close below 12260/11725/ 11460/11150/11000-10925 bearish for medium term)

SILVER


book profit on sell below 24200, for the day buy ard 23930-40 S/L 23900 and T/p 24050 upto 24175 OR sell ard 24575-80 S/L 24600 and T/p 24475-360 upto 24300 (any time close below 23675-300/22750-300/21575-500/ 20400/19250/18775 bearish rally while close above 25500/26300/27700 bullish for medium term)


CRUDE

EIA Crude oil inventory schedule to release today. as long resistance of 5730-50, down trend continue. for the day buy ard 5480-85 S/L 5475 and T/p 5530-60 OR sell ard 5715-25 S/L 5730 and T/p 5675-5630, now anytime close below 5375 test 5275 atleast/towards 5150 in coming days (now crude need to close above 5730/5825 for bullish rally while close below 5375/5310/ 5120/5050/4740/4450 bearish for medium term)

COPPER

book profit on sell below 347-345, for the day buy only abv 352.5 S/L 351 and T/p 354/356.5/358/361-361.5/close abv test 372-375 atleast in coming days OR sell below 345 S/L 346 and T/p 343-42.5/340.5/338.5/336 where good support seen again, fall below 336 & 330 down rally sharp(upside strong rally only on close above 361.5 while close below 340.5/336/330-326.5/310 bearish for medium term)

mcxarun
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