Wednesday, July 8, 2009

safe trade calls

GOLD

Continue to view as long Resistance of 14625 & 14675 more down side expected. for the day sell only below 14520 S/L 14560 and T/p 14460-14410-14375/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 21975 & 22200 down trend seen continue. for the day sell below 21700 S/L 21780 and T/p 21620/21525-475/ Sustain close below seen towards 21100-20900 in coming days OR buy only abv 22025 S/L 21900 and T/p 22130/22300 (any time close below 21475/20825/20250 bearish rally while close above 23000/24150/24725 bullish for medium term)



CRUDE


PRICE TURN BOTH SIDE EXACT FROM OUR GIVEN LEVELS. THIS WAS OUR VIEW IN REPORT Dt. 17-6-2009 "Sustain close below 3375 expect price towards 3240-3150-3060 in coming days" & SEE YESTERDAY LOW=3051 ACHIEVEDDD. Continue to view as long Resistance of 3115 & 3165 down trend seen continue. book profit on sell below 3090, for the day sell below 3050 S/L 3070 and T/p 3030/ Sustain close below 3050 seen towards 2900 in coming days OR sell ard 3135-40 S/L 3145 and T/p 3100-3085 (now crude need to close above 3510 for bullish rally while close below 3050/ 2900/2800/2600 bearish for medium term)


COPPER


THIS WAS OUR VIEW YESTERDAY "Still as long Resistance of 244 & 246.5 more down side expected" & SEE PRICE TURN FROM HIGH EXACT=246.5 AND FALL SHARPLY TOWARDS LOW=239.5. Continue to view as long Resistance of 244 & 246.5 down trend seen continue. book profit on sell below 241.5, for the day sell below 239.5 S/L 241 and T/p 237.5/ 236.75/towards 233 OR sell ard 245.7-245.8 S/L 246 and T/p 243.5-242 (upside strong rally only on close above 246.5/251.25/258.5 while close below 232/214.5 bearish for medium term)


MCXARUN
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