Tuesday, May 5, 2009

safe trade calls

GOLD

Still as long Resistance of 14600 & 14700 down trend seen continue. for the day sell only below 14325 & 14300 S/L 14360 and T/p 14250-200/sustain below towards 14000-13925 and close below 13925 test 13750/13500 in coming days OR sell ard 14685-695 S/L 14700 and T/p 14650-600-14550 (any time close above 14800/15075/15600/16050 bullish while close below 14200/13990-13925 bearish for medium term)


SILVER

Still as long Resistance of 21550 & 21700 down trend seen continue. for the day sell below 21250 S/L 21325 and T/p 21160/towards 20950/20700 OR buy only abv 21700 S/L 21400 and T/p 21800/close above potential towards 22600-700 in coming days (any time close below 20700/19950 bearish rally while close above 21800/23100/24300 bullish for medium term)


CRUDE

Continue to view as long Support of 2630 & 2600 uptrend seen continue. for the day buy only abv 2700 S/L 2680 and T/p 2725-2750/abv towards 2800 in coming days OR buy ard 2605-2610 S/L 2600 and T/p 2630-2650 (now crude need to close above 2750-2800/2835-2865 for bullish rally while close below 2540/2430/2375/300/2175/2100 bearish for medium term)


COPPER

Continue to view as long Support of 233 & 227.5 uptrend seen continue. for the day buy only abv 239 S/L 237.5 and T/p 241-242.5/244-245.5/abv new uprally OR buy ard 227.9-228.1 S/L 227.5 and T/p 230-232 (upside strong rally only on close above 239/245.5 while close below 227.5/214/199/182 bearish for medium term)


MCXARUN
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