Tuesday, June 9, 2009

safe trade calls

GOLD

Range bound movement seen between 14470 & 14905, break will decide direction. for the day sell only below 14500 S/L 14530 and T/p 14470/Sustain below towards 14350 & 14150 in coming days OR sell ard 14890-900 S/L 14910 and T/p 14840-800, abv 14910 & 14975 avoid short sell (any time close above 14975/15550/15960/16350 bullish while close below 14470/14100/13800 bearish for medium term)


SILVER


THIS WAS OUR VIEW ON FRIDAY "as long Resistance of 24400 again correction expected" & SEE PRICE TURN FROM HIGH EXACT=24400 & FALL SHARPLY TO MAKE LOW= 23162 YESTERDAY. Continue to view as long Resistance of 23850 & 24000 down trend seen continue. we book profit on sell below 24200/23625, for the day sell below 23250 S/L 23330 and T/p 23150-23000/22900/If Rally sustain expect towards 22400 in coming days OR sell ard 23820-830 S/L 23850 and T/p 23700-600-500 (any time close below 23150/22550/21625/20700/19950 bearish rally while close above 24700 bullish for medium term)


CRUDE


Continue to view as long Support of 3180 uptrend seen continue. for the day buy only abv 3280 S/L 3260 and T/p 3300-3320/Sustain abv towards 3390-3400 in coming days OR sell only below 3200 S/L 3220 and T/p 3180/3150/3130/ below down Rally (now crude need to close above 3320 for bullish rally while close below 3070/2850/2750/2680/2500 bearish for medium term)


COPPER

AGAIN 2nd TIME YESTERDAY PRICE JUMP AGAIN ALMOST FROM OUR GIVEN LEVEL OF 234. Continue to view as long Support of 234 uptrend seen continue. for the day buy only abv 241 S/L 239.50 and T/p 242/244-245.5/ Sustain close abv Potential towards 260 in coming days OR sell only below 235 & more below 234 S/L 236 and T/p 232-231 where Support seen (upside strong rally only on close above 245.5 while close below 229.75/221/212.5/199/182 bearish for medium term)


MCXARUN
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