Thursday, April 23, 2009

safe trade calls

GOLD

Continue to view Xpect Range bound movement between 13990 & 14575, break will decide fresh direction. for the day buy only abv 14480 S/L 14440 and T/p 14530-570/sustain abv towards 14675/14875 in coming days OR buy ard 14210-215 S/L 14200 and T/p 14260-300 (any time close above 14565/15075/15600/ 16050 bullish while close below 13990-13925 bearish for medium term)


SILVER

Continue to view Xpect price towards 19500-19200 as long Resistance of 20700 & 20950. for the day sell below 20375 S/L 20450 and T/p 20300-20180/ 20100/below down rally OR sell ard 20920-930 S/L 20950 and T/p 20800-700-600 (any time close below 19750-700 bearish rally while close above 21275/22950/ 23900 bullish for medium term)


CRUDE


Continue to view as long Resistance of 2495 & 2575 down trend seen continue. for the day sell below 2415 S/L 2425 and T/p 2400-2375/sustain below towards 2300 in coming days OR sell ard 2492-95 S/L 2500 and T/p 2470-2450 (now crude need to close above 2610/2750-2800/ 2835-2865 for bullish rally while close below 2415/2355/2300/ 2175/2100 bearish for medium term)


COPPER


Continue to view Xpect price towards 221-215 in April contract as long Resistance of 233-235. we book profit on sell below 229.5, for the day sell below 226 S/L 227.5 and T/p 225-24/ sustain below towards 220-215 in coming days OR sell ard 232.4-232.7 S/L 233 and T/p 230-228 (upside strong rally only on close above 243/248/269.5 while close below 224/215/199/182 bearish for medium term)


MCXARUN
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