Wednesday, October 22, 2008

safe trade calls

GOLD

PRICE TURN ALMOST FRO OUR GIVEN RESISTANCE=12760 AS DAYS HIGH=12748. Continue to view, as long Resistance of 12750 & 12850, down trend likely to continue. book profit on sell below 12570, for the day sell below 12300 S/L 12340 and T/p 12240-200/towards 12050 in coming days OR sell ard 12535-545 S/L 12555 and T/p 12490-460/ (any time close above 12850/13600/14325 bullish while close below 12300/11775/ 11250 bearish for medium term)


SILVER

Now as long Resist 17750, down trend likely to continue. for the day sell below 17500 S/L 17575 and T/p 17390-400/ 17250/17150/sustain below towards 16900 OR buy only abv 17575 S/L 17475 and T/p 17700-800 (any time close below 16850 bearish rally while close above 19000/20550/21400/22150/ 25250/26350/27475/28000 bullish for medium term)

CRUDE

Crude oil Inventory schedule to release today. Now as long Resist 3740-3770, down trend likely to continue. for the day sell below 3535 S/L 3560 and T/p 3490-3500/towards 3440/sustain close below 3440 test 3280-3300 atleast in coming days OR sell ard 3665-70 S/L 3675 and T/p 3635-3610 (now crude need to close above 3765/4120/4400/ 4800/5000/5290 for bullish rally while close below 3440 bearish for medium term)


COPPER

Continue to view as long Resistance of 238 & 248 down trend likely to continue. book profit on sell below 238/234.5, for the day sell below 224 S/L 226.5 and T/p 220-21 towards 215 OR sell ard 236-236.5 S/L 237 and T/p 232.2-231(upside strong rally only on close above 248/270/305/316/327/339/351.25/ 360.5/387/398 while close below 224 bearish for medium term)


MCXARUN
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