Monday, September 1, 2008

safe trade calls

GOLD

Continue to view as long Resistance 11950, down trend continue. for the day buy only abv 11950 S/L 11920 and T/p 11985-12000/12050 OR sell below 11800 S/L 11830 and T/p 11770-750/ 725/sustain below towards 11600 (any time close above 11950/12680/12950/ 13550/13850 bullish while close below 11590/11275/11125 bearish for medium term)


SILVER

PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=20450 AS DAYS HIGH=20439. Continue to view, as long Resistance 20600 down trend likely to continue. for the day buy only abv 20550 & more abv 20600 S/L 20490 and T/p 20700-750/20900 atleast in coming days OR sell only below 20125 & 20050 S/L 20200 and T/p 20000/ towards 19850/sustain below 19800 seen down rally sharp (any time close below 19200 -18900 bearish rally while close above 20600/21900/22850/25000/26100/ 27250/28000 bullish for medium term)


CRUDE

PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=5205 AS DAYS HIGH WAS 5204. Trading Range seen between 4950 & 5300, either side Break-Out will give sharp rally. for the day sell below 5070 S/L 5090 and T/p 5045/5000 upto 4955 OR sell ard 5240-45 S/L 5250 and T/p 5210-180, only sustain abv 5260 & 5300 trigger buy call again (now crude need to close above 5290/5475/5710/6375 for bullish rally while close below 4950/4865/4760 bearish for medium term)

COPPER

Continue to view as long Resistance of 334.5 & 339, down trend continue. sell below 325.5 S/L 326.5 and T/p 324.5-323.5/sustain below test 321-20 atleast OR sell ard 333.75-334 S/L 334.5 and T/p 331/329.5 (upside strong rally only on close above 339/351.25/360.5/387/ 398 while close below 323.5/314/303.5/ 289/265/251.5/235 bearish for medium term)


MCXARUN
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