Thursday, January 22, 2009

safe trade calls

GOLD


PRICE TURN EXACT FROM OUR GIVEN LEVELS ON BOTH SIDES. Continue to view as long Support of 13170 & 13000 uptrend seen continue. we book profit on buy abv 13575, fresh buy abv 13550 S/L 13500 and T/p 13625-650/abv towards 13800 and sustain close above 13800 towards 14200-300 Range in coming days OR buy ard 13160-170 S/L 13150 and T/p 13250-300 (any time close above 13650-13800/14400 bullish while close below 13000/12725/12330/11950/ 11525-420 bearish for medium term)


SILVER

Continue to view as long Support of 18275 & 18000 and with close abv 18850 sharp uprally expected. we book profit on buy abv 18450/18650, fresh buy only abv 18750 S/L 18650 and T/p 18850/close above 18850 test 19500-600 Range atleast in coming days OR buy ard 18190-210 S/L 18175 and T/p 18280-18375 (any time close below 18000/17375/16925/16100/15775 bearish rally while close above 18850/ 19475/20975/21725 bullish for medium term)


CRUDE

Crude oil Inventory Schedule to release today. Continue to view as long Resist 2155 & 2255 down trend seen continue. for the day sell below 2065 S/L 2085 and T/p 2040-2015/1990/below towards 1925 and anytime sustain close below 1925 potential towards 1780 & 1580 in coming days OR sell ard 2050-55 S/L 2160 and T/p 2030-2115 (now crude need to close above 2255/2650-75/ 2950 for bullish rally while close below 1925 bearish for medium term)


COPPER

Continue to view, as long Resistance of 166/169.5 & 171.5 down trend seen continue. for the day sell only below 156.5 S/L 157.75 and T/p 155.5/sustain below towards 151.5 OR sell ard 162.4-162.6 S/L 163 and T/p 161.5/160 (upside strong rally only on close above 175/183.5/191.5/197.5/204.5/219/238/ 271 while close below 155.5/151.5/144/ 138.5 bearish for medium term)


MCXARUN
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