Tuesday, June 16, 2009

safe trade calls

GOLD

Continue to view as long Resistance 14650 & 14725 down trend seen continue. we book profit on sell below 14525-14450, for the day sell below 14375 S/L 14420 and T/p 14350-225 & 14150 in coming days OR sell ard 14635-645 S/L 14650 and T/p 14575-14500 (any time close above 14975/ 15550/15960/16350 bullish while close below 14375/14100/13800 bearish for medium term)


SILVER

THIS WAS OUR VIEW YESTERDAY "Sustain close below 23150 expect price towards 22750 & 22400 in coming days" & SEE PRICE BREAK 23150 YESTERDAY & FALL SHARPLY SAME DAY TO MAKE LOW=22450.... ALMOST ACHIEVED. Continue to view as long Resistance of 22925 & 23300 down trend seen continue. book profit on sell below 23800/23250, for the day sell below 22450 S/L 22535 and T/p 22375/towards 22100 OR sell ard 22900-920 S/L 22925 and T/p 22775-22650 (any time close below 22450/ 21625/20700/19950 bearish rally while close above 23350/24700 bullish for medium term)


CRUDE

Now Strong support seen at 3375 as long hold bounce back expected while below down trend seen. for the day sell only below 3375 S/L 3410 and T/p 3355-3330/Sustain close below 3375 expect price towards 3240-3150-3060 in coming days OR buy only abv 3435 S/L 3420 and T/p 3450-3475/3500/abv new uprally (now crude need to close above 3500 for bullish rally while close below 3375/3230/3140/2900/2800/2600 bearish for medium term)


COPPER

PRICE BREAK OUR SUPPORT=245 YESTERDAY & FALL SHARPLY. Now as long Resistance 247.5 & 252 down trend seen continue towards 234.75/230. book profit if sell below 245, for the day sell only below 240.5 S/L 242 and T/p 238-235 OR sell ard 246.5-246.80 S/L 247 and T/p 243.75-242.50 (upside strong rally only on close above 257 while close below 229.75/221/ 212.5/199/182 bearish for medium term)


MCXARUN
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