Tuesday, August 26, 2008

safe trade calls

GOLD

Continue to view as long Resistance 11875/11950, down trend continue. for the day sell only below 11625-595 S/L 11655 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 only sustain abv 11875 & 11950 trigger buy call now (any time close above 11950/12680/12950/ 13550/13850 bullish while close below 11275/11125 bearish for medium term)


SILVER

book profit on sell ard 20330-340, fresh sell only below 20050 S/L 20125 and T/p 19975-900/19800/below down rally OR sell ard 20560-70 S/L 20600 and T/p 20475-20350, only sustain 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


PRICE TURN ALMOST FROM OUR GIVEN LEVELS Continue to view as long Resistance of 5210/5290, down trend likely to continue. for the day sell only below 4975 & 4960 S/L 5000 and T/p 4920-4905/4865-70/sustain below down rally sharp OR sell ard 5140-45 S/L 5150 and T/p 5115-5100 (now crude need to close above 5290/5475/5710/ 6375 for bullish rally while close below 4865/4760 bearish for medium term)


COPPER


As long Resistance of 338.5 & 340.5, down trend continue. for the day sell below 335.5 S/L 336.75 and T/p 333.75-333/331/329.5/sustain below down rally OR buy only abv 340.5 S/L 339.25 and T/p 342-344/upto 346.5 (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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