Thursday, May 7, 2009

safe trade calls

GOLD

Still as long Resistance of 14600 & 14700 down trend seen continue. for the day sell only below 14400 S/L 14440 and T/p 14370-325/14275/14200/sustain below towards 14000-13925 and close below 13925 test 13750/13500 in coming days OR buy only abv 14600 S/L 14570 and T/p 14650-700/14800/ close abv seen towards 15050-15150 in coming days (any time close above 14800/15075/15600/16050 bullish while close below 14200/13990-13925 bearish for medium term)


SILVER

THIS WAS OUR VIEW IN REPORT Dt.5-5-2009 "close above 21800 potential towards 22600-700 in coming days" & SEE PRICE REGISTER HIGH=22450 YESTERDAY. Continue to view as long Support of 21750 & 21300 uptrend seen continue. book profit on buy abv 21700, for the day buy only abv 22450 S/L 22370 and T/p 22550-600/if Rally sustain expect towards 22850 & 23100 in coming days OR buy ard 21770-780 S/L 21750 and T/p 21900-22000-22100 (any time close below 21300/20700/19950 bearish rally while close above 22450/23100/24300 bullish for medium term)


CRUDE

Since break above 2585 we analyse Uptrend as per report Dt.1-5-2009 & see price Rally to make High=2795 yesterday. Continue to view as long Support of 2660 uptrend seen continue. book profit on buy abv 2710, for the day buy only abv 2800 S/L 2785 and T/p 2835-2865/Sustain close above 2865 potential towards 3050-3150 Range in coming days OR buy ard 2724-28 S/L 2720 and T/p 2750-2770 (now crude need to close above 2800-2865 for bullish rally while close below 2660-2600/2490/2375 bearish for medium term)


COPPER

Continue to view as long Support of 228 & 226 uptrend seen continue. book profit on buy abv 232, for the day buy only abv 239.5 S/L 238 and T/p 241-242.5/244/245.5/close above potential towards 260 in coming days OR buy ard 230.9-231.1 S/L 230.5 and T/p 234-236.5 (upside strong rally only on close above 239.5/245.5 while close below 222/214/199/182 bearish for medium term)


MCXARUN
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