Wednesday, May 20, 2009

safe trade calls

GOLD

PRICE TURN ALMOST FROM OUR GIVEN SUPPORT=14125 AS DAYS LOW=14121. Continue to view as long Resistance of 14400/14575 & 14725 down trend seen continue. for the day sell below 14220 S/L 14260 and T/p 14160-120/14000/13925/Sustain close below potential towards 13500-13400 Range in coming days OR sell ard 14560-570 S/L 14575 and T/p 14500-400 (any time close above 14725/ 14950/15075/15600/16050 bullish while close below 14120/13925 bearish for medium term)


SILVER

Continue to view Strong support seen at 21625, only close below 21625 seen towards 21200/20700 in coming days and as long Resistance of 22400-22500. for the day sell below 22150 S/L 22240 and T/p 22050-21950/21875/21750 OR buy only abv 22500 S/L 22400 and T/p 22600-700/towards 22925 (any time close below 21625/20700/19950 bearish rally while close above 22500/23200/ 24300 bullish for medium term)



CRUDE


Crude oil Inventory Schedule to release today. Continue to view, as long Resistance of 2930 & 2960 down trend seen continue towards 2760/2675 & 2625 in coming days. for the day sell below 2875 S/L 2890 and T/p 2855/ 2830/2810/2785 OR sell ard 2950-55 S/L 2960 and T/p 2925-2900 (now crude need to close above 2960-3015 for bullish rally while close below 2750/ 2680/2500 bearish for medium term)


COPPER

THIS WAS OUR VIEW YESTERDAY "as long Resistance of 221 & 226 down trend seen continue" & SEE PRICE TURN FROM HIGH=225.5 TO FALL TOWARDS 219.5 Continue to view, as long Resistance of 223.5 & 226 down trend seen continue. book profit on sell ard 225.4, for the day sell below 219.5 S/L 221 and T/p 217.5/215.5/ 212.5/Sustain close below test 204-200 Range in coming days OR sell ard 225.4-225.7 S/L 226 and T/p 223-221 (upside strong rally only on close above 226/234.5/245.5 while close below 217/214/199/182 bearish for medium term)


MCXARUN
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