Thursday, May 28, 2009

safe trade calls

GOLD

Continue to view as long Resistance of 14725 down trend seen continue but INR against $ dampen momentum. for the day sell below 14575 S/L 14605 and T/p 14550-490/450/415/350/300/below down rally OR buy only abv 14725 S/L 14580 and T/p 14850-60/14950/close abv towards 15300-350 atleast/outer extent towards 15600 in coming days (any time close above 14725/14950/ 15075/15600/16050 bullish while close below 14120/13925 bearish for medium term)


SILVER

(Break-Out above 23200 seen but fail to close abv same) Now as long Support of 22850 & 22550 uprally seen continue. book profit on buy abv 22900, for the day buy only abv 23250 S/L 23180 and T/p 23350/Sustain close abv seen towards 23900-24200 in coming days OR buy ard 22770-780 S/L 22750 and T/p 22900-23050 (any time close below 22550/21625/20700/19950 bearish rally while close above 23350/24300 bullish for medium term)


CRUDE


Crude oil Inventory & OPEC meet Schedule to release today. Continue to view, as long Support of 2950 & 2900 uptrend seen continue. book profit on buy abv 2950, for the day buy only abv 3040 S/L 3020 and T/p 3065-75/towards 3125-50 Range atleast in coming days OR buy ard 2955-60 S/L 2950 and T/p 2980-3000 (now crude need to close above 3040 for bullish rally while close below 2850/2750/2680/2500 bearish for medium term)


COPPER


PRICE TURN EXACT FROM OUR GIVEN SUPPORT=227.5 AS DAYS HIGH ALSO=227.5. Continue to view, as long support of 221 & 216.5 more upside likely. Due to Technical problem Call will Update later (upside strong rally only on close above 227.5/234.5/245.5 while close below 212.5/199/182 bearish for medium term)



MCXARUN
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