Wednesday, April 15, 2009

safe trade calls

GOLD

Continue to view Xpect price towards 13800-775 only with close below 14000 and as long Resistance of 14475/14725 down trend seen continue. for the day sell below 14250 & 14225 S/L 14285 and T/p 14165/14120-100/14000/below down rally OR sell ard 14560-570 S/L 14575 and T/p 14500-450 (any time close above 15075/15600/16050 bullish while close below 14000 bearish for medium term)


SILVER

Continue to view Xpect price towards 19650 & 19350 only with close below 20100 & as long Resistance of 21225 & 21550. for the day sell below 21050 S/L 21150 and T/p 20950/825/725/20600 OR sell ard 21520-530 S/L 21550 and T/p 21400-300-200 (any time close below 20550/20100 bearish rally while close above 21300/22950/23900 bullish for medium term)


CRUDE

Crude oil Inventory Schedule to release today. Continue to view as long Resistance of 2565 & 2605 down trend seen continue. book profit on sell below 2580/2510, for the day sell below 2430 S/L 2450 and T/p 2410-2390/below down rally sharp OR sell ard 2520-25 S/L 2530 and T/p 2500-2480 (now crude need to close above 2700-2760/ 2870 for bullish rally while close below 2390/ 2280-2200/1990 bearish for medium term)


COPPER

Continue to view as long Support of 228.5 uptrend seen continue. for the day buy only abv 236 S/L 234.75 and T/p 237.25/239/close abv test 244 atleast/towards 248 in coming days OR sell below 228.50 S/L 230 and T/p 226-224.5 (upside strong rally only on close above 239/248/269.5 while close below 215/199/182 bearish for medium term)


MCXARUN
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