Friday, May 8, 2009

safe trade calls

GOLD

Still as long Resistance of 14660 & 14700 down trend seen continue. for the day sell below 14440 S/L 14480 and T/p 14410/370-330/14275/14200/sustain below towards 14000-13925 and close below 13925 test 13750/13500 in coming days OR buy only abv 14675 S/L 14630 and T/p 14700-730/14800/ close abv seen towards 15050-15150 in coming days (any time close above 14800/15075/15600/16050 bullish while close below 14200/13990-13925 bearish for medium term)


SILVER

THIS WAS OUR VIEW IN REPORT Dt.5-5-2009 "close above 21800 potential towards 22600-700 in coming days" & SEE PRICE REGISTER HIGH=22826 YESTERDAY. Continue to view as long Support of 22200 & 21750 uptrend seen continue. book profit on buy abv 21700/22450, for the day buy only abv 22850 S/L 22750 and T/p 23000/23125/close abv seen new Uprally OR buy ard 22220-230 S/L 22200 and T/p 22400-500 (any time close below 21300/20700/19950 bearish rally while close above 22850/23125/ 24300 bullish for medium term)


CRUDE

Since break above 2585 we analyse Uptrend as per report Dt.1-5-2009 & see price Rally to make High=2880 yesterday. Continue to view as long Support of 2740 & 2660 uptrend seen continue. book profit on buy abv 2710/ 2800, for the day buy only abv 2845 S/L 2830 and T/p 2860-2880/Sustain close above 2865 potential towards 3050-3150 Range in coming days OR buy ard 2695-2700 S/L 2690 and T/p 2720-2745/ 2760 (now crude need to close above 2880 for bullish rally while close below 2660-2600/2490/2375 bearish for medium term)


COPPER


Continue to view as long Support of 231 & 226 uptrend seen continue. we book profit on buy abv 232/239.5, for the day buy only abv 236.5 S/L 235.25 and T/p 238.5/239.5/242/244/245.5/close above potential towards 260 in coming days OR buy ard 230.3-230.5 S/L 230 and T/p 232-234 (upside strong rally only on close above 245.5 while close below 222/214/199/182 bearish for medium term)


MCXARUN
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