Thursday, March 4, 2010

safe trade calls!

GOLD



Continue to view as long Support at 16850/16750 uptrend seen continue towards 17150-17300. for the day buy only abv 17100 S/L 17070 and T/p 17150-17300 in coming days OR sell only below 16750 S/L 16800 adn T/p 16650-640/Sustain below towards 16425/16175/15975 in coming days (any time close above 17300/17775/ 18400 bullish while close below 15950/ 15775/15500 bearish for medium term)



SILVER



Continuen to view as long Support at 26625/26250 & 25900 uptrend seen continue towards 27600. book profit on buy abv 26250/26750, fresh buy abv 27100 S/L 27010 and T/p 27225/27500-27600 OR buy ard 26570-580 S/L 26550 and T/p 26750-26900 (any time close below 24775/23825 bearish rally while close above 27600/28850/29925 bullish for medium term)



CRUDE



THIS WAS OUR VIEW YESTERDAY "as long Support at 3650-3610, again bounce back expected" AND SEE DESPITE HEAVY BUILD UP IN CRUDE OIL WEEKLY INVENTORY PRICE RECOVER SHARPLY FROM LOW= 3638 AND AFTER THAT MADE NEW HIGH=3710 Continue to view as long Support at 3635-3610, again bounce back expected and anytime Sustain abv 3730 seen towards 3780 and close abv 3780 seen towards 4000-4025 in coming days. for the day buy only abv 3715 & more abv 3730 S/L 3695 and T/p 3750- 3780/abv seen new Uprally OR sell only below 3610 & more below 3600 & below 3585 S/L 3630 and T/p 3555-50/below towards 3460 in coming days (now crude need to close above 3800 for bullish rally while close below 3550/ 3450/3300 bearish for medium term)



COPPER



ow expect price towards 356-357 only with Sustain abv 350 and anytime Sustain close abv 357 seen towards 385-390 in coming days. we book profit on buy abv 341.5 & 344.5, fresh buy only abv 345.25 S/L 344 and T/p 347.5/ 350/abv Uprally OR buy ard 339.2-339.3 S/L 339 and T/p 342-345. below 335 & 333 avoid long Strictly (upside strong rally only on close above 356 while close below 325/293 bearish for medium term)


MCXARUN
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