Wednesday, April 29, 2009

safe trade calls

GOLD

US FED Interest Rate decision schedule today, we advise not to carry huge position today. Now Xpect Range bound movement between 14275-14800. book profit on sell below 14500, for the day sell below 14450 S/L 14490 and T/p 1400-365/14275 where again support seen (any time close above 14800/15075/15600/16050 bullish while close below 14275/13990-13925 bearish for medium term)


SILVER

PRICE TURN ALMOST FROM OUR GIVEN SUPPORT=20725 AS DAYS LOW=20737. Continue to view as long Support of 20725 & 20490 uptrend seen continue. book profit on sell below 20950, for the day sell only below 20700 S/L 20800 and T/p 20600-20500/sustain below towards 20100 OR sell ard 21220-230 S/L 21250 and T/p 21100-21000 (any time close below 20500/ 19750-700 bearish rally while close above 21650/22950/ 23900 bullish for medium term)


CRUDE


Crude oil Inventory Schedule to release today. PRICE TURN ALMOST FROM OUR GIVEN SUPPORT=2460 AS DAYS LOW=2465. Continue to view as long Resistance of 2525/2575-85/2610 down trend seen continue. for the day sell below 2490 S/L 2507 and T/p 2475-2460/2430/below towards 2375 and close below 2375 new down rally for medium term OR sell ard 2565-70 S/L 2575 and T/p 2540-2520 (now crude need to close above 2610/2750-2800/ 2835-2865 for bullish rally while close below 2430/2375/300/2175/2100 bearish for medium term)


COPPER

Continue to view Xpect price towards 211-202 as long Resistance of 221 & 225.5. book profit on sell below 217, fresh sell below 212 S/L 213.25 and T/p 211/below towards 207 OR sell ard 218.25-218.5 S/L 218.75 and T/p 216-214-212.5 (upside strong rally only on close above 226/234.5/243/248/269.5 while close below 212/199/182 bearish for medium term)


MCXARUN
9994500540

No comments: