Tuesday, July 7, 2009

safe trade calls

GOLD

Continue to view as long Resistance of 14625 & 14675 more down side expected. for the day sell only below 14400 S/L 14450 and T/p 14375/Sustain below seen towards 14225-14150 in coming days OR sell ard 14660-670 S/L 14675 and T/p 14590-530, above 14675 avoid short sell (any time close above 14825-14975/15550/15960/16350 bullish while close below 14375/14100/13800 bearish for medium term)


SILVER


Continue to view as long Resistance of 21950 & 22200 down trend seen continue. for the day sell below 21600 S/L 21700 and T/p 21525-475/Sustain close below seen towards 21100-20900 in coming days OR sell ard 22020-30 S/L 22050 and T/p 21900-21800-21700 (any time close below 21475/20825/ 20250 bearish rally while close above 23000/24150/24725 bullish for medium term)


CRUDE

THIS WAS OUR VIEW IN REPORT Dt.1-7-2009 "Still Broad Range seen between 3510 & 3310 break will decide fresh direction" & SEE PRICE BREAK 3310 SAME DAY & SEE YESTERDAY LOW=3097. Continue to view as long Resistance of 3165/3200 & 3245 down trend seen continue. for the day sell below 3090 S/L 3110 and T/p 3070-3050 atleast/towards 2985 in coming days OR 3180-85 S/L 3190 and T/p 3165-3150 (now crude need to close above 3510 for bullish rally while close below 3095/2900/2800/2600 bearish for medium term)


COPPER

Still as long Resistance of 244 & 246.5 more down side expected. for the day sell below 241.5 S/L 243 and T/p 239.5/ 237.5/236.75/towards 233 OR sell ard 246.1-246.3 S/L 246.5 and T/p 245-243.5 (upside strong rally only on close above 251.25/258.5 while close below 232/214.5 bearish for medium term)


MCXARUN
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