Thursday, September 4, 2008

safe trade calls

GOLD

Continue to view as long Resistance 11950, down trend continue. book profit on sell below 11775, for the day sell below 11540-520 S/L 11570 and T/p 11465-475/sustain below towards 11300 in coming days OR sell ard 11815-25 S/L 11830 and T/p 11760-725/ upto 11700 (any time close above 11950/ 12680/12950/13550/13850 bullish while close below 11520/11275/11125 bearish for medium term)


SILVER

Continue to view, as long Resistance 20500 & 20850 down trend likely to continue. for the day sell below 19800 S/L 19900 and T/p 19725/19650-600/ sustain below towards 19350-300 and close below 19300 seen new down rally OR sell ard 20460-475 S/L 20500 and T/p 20375-250 (any time close below 19325/18550/ 18000 bearish rally while close above 20850/22150/25250/26350/ 27475/28000 bullish for medium term)


CRUDE

Crude oil Inventory Schedule to release today THIS WAS OUR WORDS SINCE LAST DAYS "as long Resistance 5260 & 5300 down trend continue" & SEE PRICE FALL SHARPLY. book profit on sell below 5070/4900, fresh sell below 4770 S/L 4800 and T/p 4735-45/ 4700/sustain close below 4700 test 4550-4600 atleast in coming days OR sell ard 4950-55 S/L 4960 and T/p 4915/ 4870 (now crude need to close above 5180/5290/5475/5710/6375 for bullish rally while close below 4700 bearish for medium term)


COPPER

PRICE TURN EXACT FROM OUR GIVEN SUPPORT LEVEL=321.5 AS DAYS LOW WAS 321.4. Continue to view as long Resistance of 328.5 & 339, down trend continue. book profit on sell below 325.5/320.5, for the day sell below 321 S/L 322.6 and T/p 319.5/ 318/316/314/below down rally OR sell ard 328-328.5 S/L 329 and T/p 324.5/ 321.5 (upside strong rally only on close above 339/351.25/360.5/387/398 while close below 314/303.5/289/265/251.5/ 235 bearish for medium term)


MCXARUN
9994500540

long view calls

ZINC
LIKELY TO TEST 83.75/85.5 WITH ANY BREAK & CLOSE ABOVE 81.75, WHILE CLOSE BELOW 76.8 TEST 74.75/72.75, ONLY ABOVE 86 BULLISH RALLY (SEP)


NICKEL
LIKELY TO TEST 965-70/TOWARDS 980 WITH ANY BREAK & CLOSE ABOVE 945, WHILE CLOSE BELOW 845 TEST 830 TOWARDS 810(SEP)


LEAD
LIKELY TO TEST 77 UPTO 75 WITH ANY BREAK & CLOSE BELOW 82.5/81, WHILE ONLY CLOSE ABOVE 99-100 SEEN BULLISH RALLY SHARP (SEP)


MCXARUN
9994500540