Monday, December 8, 2008

safe trade calls

GOLD

Continue to view, as long Resist 12400 down trend likely to continue, book profit on sell below 12300, for the day sell only below 12050 S/L 12090 and T/p 12000-11980/11950/towards 11800 in coming days OR sell ard 12340-350 S/L 12360 and T/p 12300-250 (any time close above 12400/12950/13175-13250/ 13650/14400 bullish while close below 11950/11525-420 bearish for medium term)


SILVER

Continue to view as long Resistance 16700 & 17000 down trend likely to continue. for the day sell only below 16300 S/L 16400 and T/p 16200-100/ sustain close below test 16000-15800 in coming days OR sell ard 16820-830 S/L 16850 and T/p 16750-675, only sustain abv 16875 & 17000 avoid short sell (any time close below 16100/15775 bearish rally while close above 17600/18300/ 19475/20975/21725 bullish for medium term)


CRUDE

THIS WAS OUR VIEW ON 29-11-2008 REPORT "as long Resistance 2775, down trend likely to continue" AND PRICE TURN FROM HIGH 2766 THAT DAY AND MAKE LOW=2050 FRIDAY. Continue to view, as long Resistance 2240, down trend likely to continue. book profit on sell below 2690/2550/ 2420/2350/2200, for the day sell only below 2050 S/L 2065 and T/p 2030-2000 OR sell ard 2158-65 S/L 2170 and T/p 2135-2110 (now crude need to close above 2240/2555/2775/2970/3040/ 3200/3525/ 3790/4170/4380/4980 for bullish rally while close below 2050
bearish for medium term)


COPPER

Continue to view, as long Resistance of 170 down trend likely to continue. book profit on sell below 186.5/182.5/176.5-175.5/169.5, for the day sell only below 161 S/L 162.5 and T/p 159.5-159/157 OR sell ard 167.2-167.5 S/L 168 and T/p 166-165 (upside strong rally only on close above 170/183.5/191.5/197.5/ 204.5/219/238/271 while close below 159.5 bearish for medium term)


MCXARUN
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