Thursday, May 21, 2009

safe trade calls

GOLD

Continue to view as long Resistance of 14430/14575 & 14725 down trend seen continue. for the day sell below 14220 S/L 14260 and T/p 14160-120/14000/ 13925/Sustain close below potential towards 13500-13400 Range in coming days OR sell ard 14560-570 S/L 14575 and T/p 14500-400 (any time close above 14725/ 14950/15075/15600/16050 bullish while close below 14120/13925 bearish for medium term)


SILVER

Continue to view Strong support seen at 21625, only close below 21625 seen towards 21200/20700 in coming days and as long Resistance of 22500. for the day sell below 22200 S/L 22300 and T/p 22050-21950/21875/21750 OR buy only abv 22500 S/L 22400 and T/p 22600-700/towards 22925 (any time close below 21625/20700/19950 bearish rally while close above 22500/23200/ 24300 bullish for medium term)


CRUDE

Continue to view, as long Resistance of 2960 down trend seen continue towards 2760/2675 & 2625 in coming days. for the day sell below 2900 S/L 2922 and T/p 2875/2850/2830/2810/2785 OR buy only abv 2960 S/L 2930 and T/p 2995-3015/Sustain close abv 3015 seen towards 3125-50 Range in coming days (now crude need to close above 2960-3015 for bullish rally while close below 2750/2680/2500 bearish for medium term)


COPPER

Continue to view, as long Resistance of 2960 down trend seen continue towards 2760/2675 & 2625 in coming days. for the day sell below 2900 S/L 2922 and T/p 2875/2850/2830/2810/2785 OR buy only abv 2960 S/L 2930 and T/p 2995-3015/Sustain close abv 3015 seen towards 3125-50 Range in coming days (now crude need to close above 2960-3015 for bullish rally while close below 2750/2680/2500 bearish for medium term)



MCXARUN
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