Wednesday, November 12, 2008

safe trade calls

GOLD

Continue to view, as long Resistance 11825 & 11900, down trend likely to continue. for the day sell below 11550 S/L 11585 and T/p 11500-450/sustain below towards 11300 in coming days OR sell ard 11810-820 S/L 11825 and T/p 11750-710 (any time close above 11900/12375/12850/13600/14325 bullish while close below 11450/11290-250 bearish for medium term)


SILVER

Continue to view as long Resist of 17050/17300/17550 & 17750 down trend likely to continue. book profit on sell below 16850-800, for the day sell below 16550 & more below 16490 S/L 16625 and T/p 16300 & 16100 and close below 16100 test 15400 atleast in coming days OR sell ard 17120-130 S/L 17150 and T/p 17000-16900 (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

Crude oil Inventory Schedule to release 2morrow. Continue to view, as long Resistance 3025/3150, down trend likely to continue. for the day sell only below 2860 & more below 2845 S/L 2885 and T/p 2800-2770 OR sell ard 2960-65 S/L 2970 and T/p 2935-2905 (now crude need to close above 3150/ 3450/3765/4120/4400/4800/5000/5290 for bullish rally while close below 2840 bearish for medium term)


COPPER

Continue to view, as long Resistance of 191 & 199, down trend likely to continue. book profit on sell below 187, for the day sell only below 180.5 S/L 181.75 and T/p 179-177/sustain below towards 165-170 in coming days OR sell ard 186.2-186.5 S/L 187 and T/p 185.5/183.5 (upside strong rally only on close above 199/215/234.5/248/270/ 305/316/327/339/351.25/360.5/387/398 while close below 180.5 bearish for medium term)


MCXARUN
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