Tuesday, August 19, 2008

safe trade calls

GOLD

continue to view, as long Resistance of 11550 & 11750, down rally likely to continue. for the day sell below 11325 & 11300 S/L 11350 and T/p 11240-250/ 11190-125/close below 11125 test 10950 atleast in coming days OR buy only abv 11550 S/L 11520 and T/p 11610/11670 (any time close above 11750-11950/12680/12950/13550/ 13850 bullish while close below 11125 bearish for medium term)


SILVER

continue to view as long Resistance of 20500 & 21725, down rally likely to continue. for the day sell only below 11500-475 S/L 11575 and T/p 11400/ 300/200/125/towards 18900 OR buy only abv 20000 S/L 19910 and T/p 20100/200 towards 20400. anytime close below 18900 test 18450-500 atleast in coming days (any time close below 18900 bearish rally while close above 21900/22850/25000/26100/27250/ 28000 bullish for medium term)


CRUDE

PRICE TURN EXACT FROM OUR LEVEL ON BOTH SIDE. for the day sell only below 4865 S/L 4890 and T/p 4845/ 20/4780-60/close below 4760 test 4630-50 atleast in coming days OR buy only abv 5035 S/L 5010 and T/p 5070/5120 (now crude need to close above 5130/ 5475/5710/6375 for bullish rally while close below 4760 bearish for medium term)


COPPER

continue to view, as long Resistance of 325.5, down rally likely to continue. for the day sell below 315 S/L 316.5 and T/p 313.9/312/sustain below towards 308-305 OR sell ard 324.5-325 S/L 325.5 and T/p 323/ 320.75/318.75 (upside strong rally only on close above 325.5/336.5/351/360..5/371/387.5/398 while close below 302/289/265/251.5/ 235 bearish for medium term)

MCXARUN
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