Wednesday, October 8, 2008

safe trade calls

GOLD

we book profit on buy abv 13450, for the day buy only abv 13600 S/L 13570 and T/p 13640-50/13690-700/sustain abv towards 13775 OR sell below 13325 S/L 13370 and T/p 13285-230/13190-150/ below down rally (any time close above 13700/13800-860 bullish while close below 12700-625/12425/11775/11250 bearish for medium term)


SILVER

we book profit on buy abv 19400, for the day buy abv 19450 S/L 19375 and T/p 19525-600/sustain abv towards 19850 OR sell below 19100 S/L 19160 and T/p 19000-18975/towards 18800 (any time close below 18550/ 17650 bearish rally while close above 20500/21400/22150/ 25250/26350/27475/28000 bullish for medium term)


CRUDE

Crude oil Inventory Schedule to release today. PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=4440 AS DAYS HIGH WAS 4440. book profit on sell below 4440/4350-25/4255, fresh sell below 4220 S/L 4250 and T/p 4200-4150/sustain close below 4225 seen towards 4000 in coming days OR sell ard 4380-85 S/L 4390 and T/p 4350-4320 (now crude need to close above 4440/4800/4960-5030/5305/5460 for bullish rally while close below 4220/ 3960 bearish for medium term)


COPPER


PRICE TWICE TESTED OUR RESISTANCE BUT FAIL TO BREAK. book profit on sell below 313.5/ 303/ 299.5/288.5/272, for the day sell below 269 S/L 270.5 and T/p 267.5/265.5-265/ sustain below test 260 atleast in coming days OR sell ard 276.2-276.5 S/L 277 and T/p 274-272/270 (upside strong rally only on close above 305/ 316/327/339/351.25/360.5/387/398 while close below 265/251.5/235 bearish for medium term)


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