GOLD
THIS WAS OUR VIEW YESTERDAY "sell ard 12160-170 S/L 12180 and T/p 12125/12070" ACHIEVED AS TURN FROM DAYS HIGH=12165. Continue to view, as long Resistance of 12225 down trend likely to continue. for the day sell below 12050 S/L 12090 and T/p 12010-11975/11850/11775/ below down rally sharp OR buy only abv 12230 S/L 12200 and T/p 12270-300/ 12375 where strong Resistance seen again (any time close above 12225-12375/12850/13600/14325 bullish while close below 11450/11290-250 bearish for medium term)
SILVER
Continue to view as long Resist of 16450/16830 down trend likely to continue. book profit on sell below 16200, for the day sell only below 15850 S/L 15930 and T/p 15775-700/close below 15775 test 15400 atleast in coming days OR sell ard 16320-330 S/L 16350 and T/p 16225-150 (any time close below 15775 bearish rally while close above 16850/17750/19000/20550/ 21400/22150/25250/26350/27475/ 28000 bullish for medium term)
CRUDE
Continue to view, as long Resistance 2775, down trend likely to continue. book profit on sell below 2750-2730, for the day sell only below 2590 S/L 2610 and T/p 2570-2550 OR sell ard 1704-8 S/L 2715 and T/p 2675-70 (now crude need to close above 2775/2970/3040/ 3200/3525/3790/4170/4380/4980 for bullish rally while close below 2590 bearish for medium term)
COPPER
Continue to view, as long Resistance of 180, down trend likely to continue. book profit on sell below 182.50/178, for the day sell only below 173.5 S/L 175 and T/p 171-170/towards 165 in coming days OR sell ard 179.8-180.2 S/L 180.5 and T/p 178-5/177.5 (upside strong rally only on close above 190/199/215/234.5/ 248/270/305/316/327/339/351.25/ 360.5/387/398 while close below 173.5 bearish for medium term)
MCXARUN
9994500540
Friday, November 21, 2008
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