Monday, August 25, 2008

safe trade calls

GOLD

Continue to view as long Resistance 11875/11950, down trend continue. for the day sell below 11610-595 S/L 11640 and T/p 11560-525/11460/sustain below towards 11300 in coming days OR sell ard 11860-65 S/L 11870 and T/p 11820 upto 11770 (any time close above 11950/12680/12950/13550/13850 bullish while close below 11275/11125 bearish for medium term)


SILVER

we book profit on sell below 20075, for the day sell below 19800 S/L 19910 and T/p 19700/600/490/sustain below towards 19200 in coming days OR sell ard 20330-40 S/L 20360 and T/p 20230-170/20100, only abv 20600 trigger buy call now (any time close below 19200-18900 bearish rally while close above 20600/21900/22850/25000/26100/ 27250/28000 bullish for medium term)

CRUDE

As long Resistance of 5210/5290, down trend likely to continue. book profit on sell below 5225, fresh sell below 4950 S/L 4980 and T/p 4920-4905/4865-70/ sustain below down rally OR sell ard 5090-95 S/L 5100 and T/p 5065-45 (now crude need to close above 5290/5475/ 5710/6375 for bullish rally while close below 4865/4760 bearish for medium term)

COPPER

LME Closed today for Market Holiday As long Resistance of 337 & 340.5, down trend continue. for the day sell below 329.5-329 S/L 331 and T/p 327.5/ 325/323/sustain below towards 317 in coming days OR sell ard 336.2-336.5 S/L 337 and T/p 334.5/332.5(upside strong rally only on close above 340.5/ 351/360.5/371/387.5/398 while close below 312/302/289/265/251.5/235 bearish for medium term)

MCXARUN
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