Friday, July 31, 2009

safe trade calls

GOLD


Continue to view Xpect more down Rally as long Resistance of 14800 & 14975, for the day sell only below 14635 & more below 14625 S/L 14660 and T/p 14570-14500/14425 in coming days OR sell ard 14935-945 S/L 14950 and T/p 14875-14825, only abv 15000 Uptrend now (any time close above 15000/ 15550/15960/16350 bullish while close below 14375/14100/13800 bearish for medium term)



SILVER


THIS WAS OUR VIEW ON WEDNESDAY "sell only below 22250 S/L 22330 and T/p 22150/Sustain below 22150 expect price towards 21975-21775" & SEE PRICE REGISTER LOW=21758 SAME DAY.....ACHIEVEDDDD. Continue to view as long Resistance of 22375 & 22650 more down rally expected. for the day sell below 21975 S/L 22085 and T/p 21880/750/Sustain below 2175 expect price towards 21550-21200 in coming days OR sell ard 21620-630 S/L 21650 and T/p 21450-21200 (any time close below 21750/21100/20250 bearish rally while close above 23000/24150/24725 bullish for medium term)



CRUDE


Still Strong Resistance seen at 3250-3310, fail to break again down side expected. for the day sell below 3195 S/L 3220 and T/p 3165-50-3110 OR sell ard 3300-3305 S/L 3310 and T/p 3265-3240, abv 3310 avoid short Strictly (now crude need to close above 3330/3560 for bullish rally while close below 3065/ 2945/2815/2650/2565/2400 bearish for medium term)



COPPER


Now Expect price towards 278 atleast/If rally sustain expect towards 288 & 300 in coming days ONLY with close above 274. for the day buy only abv 274 S/L 272.25 and T/p 277-278 OR buy ard 269-2-269.3 S/L 269 and T/p 272-274 (upside strong rally only on close above 274 while close below 258/241.75/232/ 214.5 bearish for medium term)


MCXARUN
9994500540