Tuesday, June 30, 2009

safe trade calls

GOLD

Now Xpect trading Range between 14450 & 14825, break will decide direction. for the day sell below 14550 S/L 14590 and T/p 14410-350/below 14350 seen towards 14225 & 14150 atleast in coming days OR buy only abv 14750 S/L 14710 and T/p 14785-14825/ Sustain abv towards 14975 in coming days (any time close above 14975/ 15550/15960/16350 bullish while close below 14375/14100/13800 bearish for medium term)


SILVER


Continue to view as long Resistance of 22625-22725 down trend seen continue. for the day sell below 22275 S/L 22370 and T/p 22175-22075/Close below seen towards 21650 in coming days OR sell ard 22670-680 S/L 22700 and T/p 22550-450, above 22730/22800 & 22875 avoid short sell & uprally likely (any time close below 22075/21625/20700/ 19950 bearish rally while close above 23350/ 24700 bullish for medium term)


CRUDE


Now Broad Range seen between 3510 & 3310 break will decide fresh direction. for the day buy only abv 3510 S/L 3475 and T/p 3535/Sustain close above 3510 seen towards 3625 atleast in coming days OR sell below 3415 S/L 3440 and T/p 3380-3360-3335-3310/below down Rally (now crude need to close above 3510 for bullish rally while close below 3310/3230/3140/2900/2800/2600 bearish for medium term)


COPPER


Continue to view expect Uprally to continue only with price break above 251.25. for the day buy abv 250.5 & more above 251.25 S/L 249 and T/p 253.5-256.5-258.5 in coming days OR sell only below 245.5 S/L 246.6 and T/p 243-242/sustain below towards 236.75-233 in coming days (upside strong rally only on close above 258.5 while close below 232/214.5 bearish for medium term)


MCXARUN
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