Thursday, October 23, 2008

safe trade calls

GOLD

SINCE IT BREAKS 12850 WE DAILY RECOMMEND DOWN TREND & SEE PRICE NOW. THIS WAS OUR WORDS ON DAYBEFORE YESTERDAY "sustain below 12400 test 12050 atleast" ACHIEVED AS DAYS LOW=11758. Continue to view, as long Resistance of 12225 & 12350, down trend likely to continue. book profit on sell below 12570/12300, for the day sell below 11750 S/L 11790 and T/p 11700/650 OR sell ard 12200-210 S/L 12225 and T/p 12100-12050(any time close above 12850/13600/14325 bullish while close below 11750/11250 bearish for medium term)


SILVER

Continue to view as long Resist 17375 & 17750 down trend likely to continue. book profit on sell below 17500, fresh sell below 17075 S/L 17175 and T/p 17000/16850/sustain close below test 16450-400 atleast/towards 16000 in coming days OR sell ard 17570-580 S/L 17600 and T/p 17500-430 (any time close below 16850 bearish rally while close above 17750/19000/20550/21400/ 22150/ 25250/26350/27475/28000 bullish for medium term)


CRUDE

Continue to view, as long Resist 3525 & 3575, down trend likely to continue. book profit on sell below 3535, for the day sell only below 3370 S/L 3400 and T/p 3340/towards 3280-3300 in coming days OR sell ard 3500-3510 S/L 3520 and T/p 3475-50 (now crude need to close above 3765/4120/4400/4800/ 5000/5290 for bullish rally while close below 3370 bearish for medium term)


MCXARUN
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