Wednesday, April 1, 2009

safe trade calls

GOLD

Continue to view as long Support of 14925 & 14825 again bounce back expected. for the day buy only abv 15175 S/L 15140 and T/p 15230/275/ 15350/sustain abv towards 15600 in coming days OR sell below 14925 S/L 14960 and T/p 14870-825/sustain below towards 14650 and close below 14650 down rally sharp (any time close above 15600-660/16050 bullish while close below 14950-14650 bearish for medium term)

SILVER

PRICE BREAK OUR SUPPORT YESTERDAY & SEE FALL SHARPLY. Now Xpect price towards 20800-20500 with any close below 21250 and as long Resistance of 22150. for the day sell below 21575 S/L 21680 and T/p 21450-400/21250 OR sell ard 22320-330 S/L 22350 and T/p 22200-100 (any time close below 21250/20425 bearish rally while close above 22950/23900 bullish for medium term)

CRUDE

Price break our Support 2570 on 30-3-2009 and see fall sharply to make Low=2435 yesterday. Continue to view as long Resistance of 2540 & 2625 down trend seen continue. we book profit on sell below 2480, for the day sell below 2440 S/L 2455 and T/p 2425-2375 OR sell ard 2532-36 S/L 2540 and T/p 2515-2500 (now crude need to close above 2650/2760/2870 for bullish rally while close below 2435/2280-2200/1990 bearish for medium term)

COPPER

Trading Range seen between 200 & 209.5. Xpect price towards 195/185 with any close below 200 and Xpect price towards 215/225-30 Range with any close above 209.50. for the day buy abv 208 S/L 206.75 and T/p 209.5/211 OR sell below 203.5 S/L 204.6 and T/p 202.3/200.5 (upside strong rally only on close above 209.5/217.5 while close below 199/182 bearish for medium term)


MCXARUN
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