Friday, November 14, 2008

SAFE TRADE CALLS

GOLD

Continue to view, as long Resistance 11750/11825 & 11900, down trend likely to continue. for the day sell below 11550 S/L 11610 and T/p 11490-500/ 11450/sustain below towards 11300 in coming days OR sell ard 11815-820 S/L 11830 and T/p 11750 -710 (any time close above 11900/12375/12850/13600/ 14325 bullish while close below 11450/ 11290-250 bearish for medium term)


SILVER

SINCE LAST 20-DAYS OUR DAILY VIEW WAS "as long Resist 17750 down trend continue" AND PRICE ATTEMPT ALMOST 5-6 TIMES ABV 17300 AND FALL TO 16000 YESTERDAY. Continue to view as long Resist of 16575 & 16825 down trend likely to continue. book profit on sell below 16850-800/16550/16500-475, for the day sell only below 16000 S/L 16100 and T/p 15900-800/close below 16000 test 15400 atleast in coming days OR sell ard 16540-560 S/L 16575 and T/p 16430-16350 (any time close below 15975 bearish rally while close above 17750/19000/20550/21400/ 22150/25250/26350/27475/ 28000 bullish for medium term)


CRUDE

Continue to view, as long Resistance 2870 & 2950, down trend likely to continue. for the day sell only below 2750 S/L 2770 and T/p 2725-2710 OR sell ard 2912-18 S/L 2925 and T/p 2870-2840 (now crude need to close above 3150/3450/3765/4120/4400/4800/5000/ 5290 for bullish rally while close below 2750 bearish for medium term)


COPPER

PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=186 AS DAYS HIGH WAS 185.95. Continue to view, as long Resistance of 191 & 199, down trend likely to continue. for the day sell only below 180.5 S/L 182.25 and T/p 179.50/177/sustain close below 179.5 towards 165-170 in coming days OR sell ard 190.2-190.5 S/L 191 and T/p 188-187 (upside strong rally only on close above 199/215/234.5/248/270/ 305/316/327/339/351.25/360.5/387/398 while close below 179.5 bearish for medium term)


MCXARUN
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