Wednesday, November 5, 2008

safe trade calls

GOLD

RICE TURN EXACT FROM OUR GIVEN SUPPORT=11475 AS DAYS LOW WAS 11476. Continue to view, as long Resistance 11810/11900 & 12150, down trend likely to continue. for the day sell only below 11575 & 11550 S/L 11600 and T/p 11480-475/sustain below towards 11300 in coming days OR buy only abv 11880-11900 S/L 11850 and T/p 11960-12025 (any time close above 12375/12850/13600/14325 bullish while close below 11475/11290-250 bearish for medium term)

SILVER

Continue to view as long Resist of 17225/17375/17550 & 17750 down trend likely to continue. for the day sell below 16675 S/L 16750 and T/p 16575-600/ sustain below towards 16300-325/below towards 16100 and close below 16100 test 15400 atleast in coming days OR sell ard 17340-350 S/L 17375 and T/p 17250/towards 17000 (any time close below 16100-15975 bearish rally while close above 17750/19000/20550/21400/ 22150/25250/26350/27475/28000 bullish for medium term)


CRUDE

THIS WAS OUR VIEW YESTERDAY "sustain below 3150 test 3025-40 atleast" & MAKE LOW OF 3046. Continue to view, as long Resistance 3375/3420 & 3450, down trend likely to continue. for the day buy only abv 3420 & more abv 3450 S/L 3380 and T/p 3550-3600 in coming days OR buy ard 3160-62 S/L 3150 and T/p 3190-3220 upto 3250 (now crude need to close above 3450/3765/4120/4400/4800/5000/ 5290 for bullish rally while close below 3040 bearish for medium term)


COPPER

Continue to view, as long Resistance of 212.5 & 215, down trend likely to continue. for the day sell below 201 S/L 202.25 and T/p 198.75-197.5/195/ sustain below towards 189 OR sell ard 314.3-214.5 S/L 215 and T/p 212.50/209 upto 205 (upside strong rally only on close above 215/234.5/248/270/305/ 316/327/339/351.25/360.5/387/398 while close below 195/188.5 bearish for medium term)


MCXARUN
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