safe trade calls

GOLD

PRICE TURN ALMOST FROM OUR GIVEN RESISTANCE=13150 AS DAYS HIGH WAS 13152. Broad Range seen between 12350 & 13500 for medium term, either side break will gives rally. for the day buy only abv 12160 S/L 12130 and T/p 12200-260/sustain abv towards 12360 OR buy ard 12815-20 S/L 12800 and T/p 12875-950 (any time close above 13550/13850 bullish while close below 12300/11675/11125 bearish for medium term)


SILVER

THIS WAS OUR WORDS "as long support of 18900-950, upside seen continue" & SEE RALLY SINCE LAST 2-DAYS. book profit on buy abv 19750, for the day buy abv 20750 S/L 20650 and T/p 20850/21000, sustain close above 20850 seen new rally towards 22000 in coming days OR buy ard 20170-180 S/L 20150 and T/p 20300-400 (any time close below 18950/17650bearish rally while close above 20850/ 22150/25250/26350/27475/28000 bullish for medium term)


CRUDE

THIS WAS OUR WORDS YESTERDAY "above 4725 test 4825 atleast/ towards 4900" ACHIEVED AS YESTERDAY HIGH WAS 4955. book profit on buy abv 4725, for the day buy only abv 4975 S/L 4950 and T/p 5000/ towards 5100 in coming days OR buy ard 4790-95 S/L 4780 and T/p 4850-4900. (now crude need to close above 4955/5305/5460 for bullish rally whileclose below 4660/4440/4250/3960 bearish for medium term)


COPPER

we book profit on sell last. for the day buy only abv 327 S/L 325.5 and T/p 328.5-30/towards 334 OR buy ard 319.4-319.6 S/L 319 and T/p 321.5-23(upside strong rally only on close above 327/339/351.25/360.5/387/398 while close below 310/303.5/289/265/251.5/ 235 bearish for medium term)


MCXARUN
9994500540

GENERAL MARKET CONDITIONS

It’s the US dollar story for commodities. As long as the US dollar weakens commodities will remain firm. There are concerns that the Federal reserve funding virtually bankrupt companies in US will result in US deficits ballooning. This will be known only after a gap of two to three months. Till then uncertainty will prevail. Due to lack of major market moving news the market focus is on US deficits. Commodities will fall and US dollar will gain as and when market some other news arrives so as switch focus from away from US economy.

TODAY

We prefer to remain on the sidelines and buy on sharp dips as well as sell on a rise. Technically gold, silver, copper and crude oil are bullish.

NYMEX CRUDE OIL (1^ST CONTRACT)

Intra day sellers will emerge only on a consolidated fall below $106 for $103.80 and $99.20. On the higher side $112 and $116.80 are the key resistances.

MCXARUN

9994500540