Thursday, January 15, 2009

safe trade calls

GOLD

Continue to view as long Resistance 13080/13200 & 13325 down trend continue. for the day sell below 12790 & 12775 S/L 12820 and T/p 12725-12650/ below new down rally OR sell ard 13010-20 S/L 13025 and T/p 12965-12920 (any time close above 13325/ 13575/13800/14400 bullish while close below 12650-600/12330/11950/11525-420 bearish for medium term)


SILVER

Continue to view as long Resistance of 17900 & 18050 down trend seen continue. for the day sell below 17475-450 S/L 17560 and T/p 17350-250/ towards 17100 in coming days OR sell ard 17890-900 S/L 17925 and T/p 17800-700 (any time close below 17450/16925/16100/15775 bearish rally while close above 18050/18850/19475/ 20975/21725 bullish for medium term)


CRUDE

Continue to view as long Resist 2205 & 2255 down trend seen continue. for the day sell below 2120 & 2110 S/L 2135 and T/p 2095/close below test 2025-15 atleast/towards 1925 in coming days OR sell ard 2198-2205 S/L 2210 and T/p 2170-2155 (now crude need to close above 2250/2650-75/2950 for bullish rally while close below 2095/2015/1925 bearish for medium term)


COPPER


Continue to view, as long Resistance of 167.5 & 171.5 down trend seen continue. book profit on sell below 164, fresh sell below 160-159.5 S/L 161.5 and T/p 158/155.5/below towards 151.5 OR sell ard 167-167.25 S/L 167.5 and T/p 165.5/164 (upside strong rally only on close above 175/183.5/191.5/197.5/ 204.5/219/238/271 while close below 155.5/151.5/144/138.5 bearish for medium term)


MCXARUN
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