Friday, June 5, 2009

safe trade calls

GOLD

Continue to view as long Support of 14650 uptrend seen continue. we book profit on buy abv 14850, for the day buy only abv 14940 & more abv 14975 S/L 14900 and T/p 15050-15100/Sustain close abv 14975 seen towards 15350-15525 in coming days OR sell only below 14650 S/L 14710 and T/p 14600-560/475/below down Rally (any time close above 14975/15550/15960/16350 bullish while close below 14475/14100/ 13800 bearish for medium term)


SILVER


Now as long Resistance of 24400 again correction expected. for the day buy only abv 24400 S/L 24280 and T/p 24500-600-700/Sustain close abv 24700 Potential towards 25200 atleast/outer extent towards 26000-26200 in coming days OR sell below 24200 S/L 24300 and T/p 24100-24000/upto 23825, below 23400 new down Rally (any time close below 23400/ 22550/21625/20700/19950 bearish rally while close above 24700 bullish for medium term)


CRUDE

Continue to view as long Support of 3155 & 3100 uptrend seen continue. for the day buy only abv 3280 S/L 3265 and T/p 3300-3335 OR buy ard 3190-92 S/L 3185 and T/p 3215-3230 (now crude need to close above 3280 for bullish rally while close below 3070/2850/2750/ 2680/2500 bearish for medium term)



COPPER



Continue to view 234 & 231 uptrend seen continue. for the day buy only abv 242 S/L 240.25 and T/p 244-245.5/ Sustain close abv Potential towards 260 in coming days OR buy ard 232.8-233 S/L 232.5 and T/p 234.5-236 (upside strong rally only on close above 242-245.5 while close below 229.75/221/ 212.5/199/182 bearish for medium term)



MCXARUN
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