Wednesday, September 17, 2008

safe trade calls

GOLD

we book profit on buy abv 11710. Continue to view as long Resistance 11870 & 11950, down trend continue. for the day sell below 11660-650 S/L 11685 and T/p 11600-590/11555-535/ 11485 towards 11425 OR buy only abv 11875 S/L 11850 and T/p 11910-950/ upto 12025 (any time close above 11950/12680/12950/13550/13850 bullish while close below 11425/11125 bearish for medium term)


SILVER

PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=18375 AS DAYS HIGH WAS 18374. book profit on sell below 19300/19050/18750-700, for the day sell only below 17775 S/L 17860 and T/p 17700-650/sustain close below 17650 test 17250-300 atleast/towards 17100 in coming days OR sell ard 18200-210 S/L 18225 and T/p 18100-18050 upto 18000, only sustain above 18525 uptrend again (any time close below 17650/17100 bearish rally while close above 18800/19750-20200/20850/ 22150/25250/26350/27475/ 28000 bullish for medium term)


CRUDE

Crude oil Inventory schedule to release today. THIS WAS OUR WORDS YESTERDAY "sustain below 4390 test 4330-4300 atleast" ACHIEVED AS DAYS LOW WAS 4251. Continue to view as long Resistance 4450 & 4610, down trend continue. for the day sell only below 4250 S/L 4280 and T/p 4215-4190/upto 4150 OR sell ard 4438-40 S/L 4450 and T/p 4400/4350. (now crude need to close above 4610/4920/5305/ 5460 for bullish rally while close below 4250/3960 bearish for medium term)


COPPER


PRICE TURN EXACT FROM OUR GIVEN LEVEL ON BOTH SIDES. Continue to view as long Resistance of 321 & 326 down trend continue. book profit on sell below 319-318.5/314.5, for the day sell below 314 S/L 315.5 and T/p 313/311.75/310/below down rally OR sell ard 325.2-325.5 S/L 326 and T/p 323-21/319 (upside strong rally only on close above 327/339/351.25/360.5/ 387/398 while close below 303.5/289/ 265/251.5/235 bearish for medium term)


MCXARUN
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