Tuesday, October 21, 2008

safe trade calls

GOLD

Continue to view, as long Resistance of 12850/13225-310 & 13400, down trend likely to continue. for the day sell below 12570 S/L 12600 and T/p 12540-500/ 12450-12400/sustain close below test 12050 in coming days OR sell ard 12835-40 S/L 12850 and T/p 12790-750 (any time close above 13600/14325 bullish while close below 12400/11775/ 11250 bearish for medium term)


SILVER

for the day sell below 17475 S/L 17525 and T/p 27400-280/17150/sustain below towards 16900 OR sell ard 17990-18010 S/L 18025 and T/p 17850-750 (any time close below 16850 bearish rally while close above 19000/20550/21400/22150/ 25250/26350/27475/28000 bullish for medium term)


CRUDE


our S/L hit on buy call, for the day buy only abv 3770 S/L 3750 and T/p 3800-3850 OR buy ard 3600-3605 S/L 3590 and T/p 3645-3670 (now crude need to close above 3705/4120/4400/4800/ 5000/5290 for bullish rally while close below 3440 bearish for medium term)


COPPER

as long Resistance of 244.5 & 248 down trend likely to continue. book profit on sell below 238, for the day sell below 234.5 S/L 236 and T/p 232/228/ 225/sustain close below 225 towards 215-220 Range in coming days OR sell ard 244.4-244.75 S/L 345 and T/p 243-240 (upside strong rally only on close above 270/305/316/327/339/351.25/ 360.5/387/398 while close below 225 bearish for medium term)


MCXARUN
9994500540

long view calls

SPOT GOLD INTERNATIONAL
LIKELY TO TEST $ 750/735 WITH ANY BREAK & CLOSE BELOW $ 770... AND CLOSE BELOW $ 725 BEARISH FOR MEDIUM 2 LONG TERM WHILE ONLY CLOSE ABOVE $ 856 & 831 BULLISH RALLY AGAIN TOWARDS $ 1000 IN COMING DAYS



SPOT SILVER INTERNATIONAL
LIKELY TO TEST $ 8.50 - $ 8 WITH ANY BREAK & CLOSE BELOW $ 9.05... WHILE ONLY CLOSE ABOVE $ 12.30 & $ 14 BULLISH RALLY AGAIN TOWARDS $ 16.50 / 17.75 IN COMING DAYS



ZINC
LIKELY TO TEST 56-55 TOWARDS 52 WITH ANY BREAK & CLOSE BELOW 58.5 (NOV)


LEAD
LIKELY TO TEST 65-62 WITH ANY BREAK & CLOSE BELOW 68 (NOV)


MCXARUN
9994500540