Wednesday, April 16, 2008

safetrade calls

GOLD

for the day sell only below 11900 & more below 11850 S/L 11920 and T/p 11810-15/11750-760 upto 11700/close below 11690 down rally sharp OR buy only abv 12100 S/L 12080 and T/p 12140-175 upto 12300 in days to come (any time close above 12150/12400/ 13100/13425 bullish while close below 11690/11375/11000 bearish for medium term)


SILVER


we book profit on buy last, for the day buy abv 23450 S/L 23350 and T/p 23525/650-675/sustain abv test 23850-24000 and close abv 24000 test 24500-700 atleast/upto 25100 in coming days OR sell below 22950 S/L 23050 and T/p 22875-800/22700-675/22550/close below 22550 test 22200/22000 atleast, (any time close below 22550/22050/ 21325-250/20150/19390/18600-250/ 17850 bearish rally while close above 23900-24000/26100/27500 bullish for medium term)]


CRUDE


EIA Crude oil inventory, schedule to release today. book profit on buy abv 4435, for the day buy only abv 4515 S/L 4495 and T/p 4540-50 in days to come OR sell only below 4420 S/L 4432 and T/p 4400-4380/60 upto 4325 (now crude need to close above 4510 for bullish rally while close below 4365/4260/4080/ 3960-3905 bearish for medium term)


COPPER


book profit on sell below 339.5, for the day sell only below 337.5 S/L 338.75 and T/p 336/334.5 upto 332 atleast and fall below 327 down rally sharp OR buy only abv 345.5 S/L 344 and T/p 346.5/ 348-350/352.5-354/close abv 354 test 365-368 atleast in coming days (upside strong rally only on close above 354 while close below 338.5/327/310.5-303/ 281/267.5/254.5/235 bearish for medium term)

MCXARUN
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