Wednesday, December 10, 2008

Safe trade calls

GOLD

Continue to view, as long Resist 12450 down trend likely to continue, for the day sell below 12225 S/L 12260 and T/p 12180-12125/12075/sustain below towards 11950 and close below 11950 test 1170 atleast in coming days OR buy only abv 12450 S/L 12400 and T/p 12550-12600 (any time close above 12450/12950/13175-13250/13650/ 14400 bullish while close below 11950/ 11525-420 bearish for medium term)


SILVER

Continue to view, as long Resistance of 17400 & 17600 down trend likely to continue. book profit on sell below 16850, for the day sell below 16660-625 S/L 16725 and T/p 16500-400/sustain below towards 16100 OR sell ard 17220 -230 S/L 17250 and T/p 17100 -16950 (any time close below 16500/16100/ 15775 bearish rally while close above 17600/18300/19475/20975/21725 bullish for medium term)


CRUDE

PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=2200 AS DAYS HIGH WAS ALSO 2200. Continue to view, as long Resistance 2200 & 2240, down trend likely to continue. for the day sell only below 2100 S/L 2120 and T/p 2070-50/close below test 1975 atleast in coming days OR sell ard 2180-85 S/L 2190 and T/p 2160-45(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 171.5 down trend likely to continue. for the day sell only below 162.5-162 S/L 163.75 and T/p 160-159/close below 159.5 test 154 atleast in coming days OR sell ard 168.9-169.1 S/L 169.5 and T/p 167.5-166. only abv 171.5 avoid short sell (upside strong rally only on close above 171.5/183.5/191.5/197.5/ 204.5/219/238/271 while close below 159.5 bearish for medium term)


MCXARUN
9994500540

Long view calls

ZINC
LIKELY TO TEST 49-50 WITH ANY BREAK & CLOSE BELOW 53, WHILE ONLY CLOSE ABOVE 65 SOME UPSIDE AGAIN (DEC)


NICKEL
LIKELY TO TEST 400-375 WITH ANY BREAK & CLOSE BELOW 445, WHILE ONLY CLOSE ABOVE 550 SOME UPSIDE AGAIN (DEC)


LEAD
LIKELY TO TEST 44/TOWARDS 41 WITH ANY BREAK & CLOSE BELOW 46.25 (DEC)


MCXARUN
9994500540