Wednesday, July 22, 2009

safe trade calls

GOLD


Continue to view as long Support of 14770-14690 Uptrend seen continue. book profit on buy abv 14825, for the day buy only above 14925 S/L 14885 and T/p 14975/close above 14975 seen towards 15250-15300 range in coming days OR sell only below 14690 S/L 14730 and T/p 14630-570-500 (any time close above 14975/15550/15960/16350 bullish while close below 14375/14100/ 13800 bearish for medium term)



SILVER


Continue to view expect more bounce back as long Support of 22000-21950. book profit on buy above 21500/ 21660/ 22000/22150, for the day buy only above 22400 S/L 22320 and T/p 22550/ 22700 in coming days OR sell below 21950 S/L 22050 and T/p 21800-21725 (any time close below 21700/21100/ 20250 bearish rally while close above 22400/23000/24150/24725 bullish for medium term)



CRUDE


THIS WAS OUR VIEW IN REPORT Dt. 17-7-2009 "Sustain above 3075 seen towards 3175-3250 in coming days" & SEE YESTERDAY HIGH=3222 ACHIEVEDDDD. Continue to view Xpect price towards 3250 as long Support of 3140-3120. we book profit on buy abv 3170, for the day buy abv 3185 S/L 3170 and T/p 3200-3225-3250 OR sell only below 3120 S/L 3140 and T/p 3100-3075-3050 where Support seen again (now crude need to close above 3230/ 3560 for bullish rally while close below 3040/2945/2815/2650/2565/2400 bearish for medium term)



COPPER


Continue to view Xpect price towards 271-274 Range as long Support of 259. for the day buy abv 263 S/L 261.80 and T/p 264.5-265/Close abv 264.50 seen towards 271-274 Range in coming days OR sell only below 258 S/L 259.5 and T/p 256.5-254 (upside strong rally only on close above 265 while close below 241.75/232/214.5 bearish for medium term)



MCXARUN
9994500540