Thursday, November 6, 2008

safe trade calls

GOLD

PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=11775 AS DAYS HIGH=11778. Continue to view, as long Resistance 11775 & 11900, down trend likely to continue. book profit on sell below 11575, for the day sell only below 11470 S/L 11505 and T/p 11410/ towards 11300 in coming days OR sell ard 11765-70 S/L 11780 and T/p 11710-650 (any time close above 11900/ 12375/12850/13600/14325 bullish while close below 11470/11290-250 bearish for medium term)


SILVER

Continue to view as long Resist of 17250/17375/17550 & 17750 down trend likely to continue. for the day sell below 16800 S/L 16875 and T/p 16730-675/ 16575/sustain below towards 16250 & 16100 and close below 16100 test 15400 atleast in coming days OR sell ard 17520-530 S/L 17550 and T/p 17375 -250 (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

Continue to view, as long Resistance 3320/3375/3420 & 3450, down trend likely to continue. for the day sell below 3130 S/L 3150 and T/p 3095-3100/3070/ 3045/sustain close below 3045 test 2900-2890 atleast in coming days OR sell ard 3250-55 S/L 3260 and T/p 3225-3200 (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


ontinue to view, as long Resistance of 206 & 215, down trend likely to continue. for the day sell only below 195 S/L 197.25 and T/p towards 190-188.50/ sustain close below towards 170 atleast in coming days OR sell ard 202.50-203 S/L 203.50 and T/p 200.75-199 (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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