Thursday, April 16, 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 14180 S/L 14215 and T/p 14120-100/14000/below new 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 as long Resistance of 21225 & 21575 down trend seen continue. for the day sell below 20850-825 S/L 20920 and T/p 20725/575/ sustain below towards 20225-100 in coming days 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

Continue to view as long Resistance of 2660 & 2750 down trend seen continue. for the day sell only below 2565 S/L 2588 and T/p 2540/2510/close below seen towards 2375-2350 Range in coming days OR sell ard 2650-55 S/L 2660 and T/p 2620-10 (now crude need to close above 2750-2800/2835-2865 for bullish rally while close below 2510/ 2355/2300/2175/2100 bearish for medium term)


COPPER

Continue to view as long Support of 232 & 229 uptrend seen continue. book profit on buy abv 236, for the day buy abv 241.5 S/L 240.5 and T/p 244/ towards 248 in coming days OR buy ard 235.4-235.6 S/L 235 and T/p 237-238.5 (upside strong rally only on close above 241.5/248/269.5 while close below 229/ 215/199/182 bearish for medium term)


MCXARUN
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