Friday, May 22, 2009

safe trade calls

GOLD

AS US MARKET WILL REMAIN CLOSE ON COMING MONDAY, WE ADVISE NOT TO CARRY HUGE POSITION. Continue to view as long Resistance of 14575 & 14725 down trend seen continue. for the day sell below 14470 S/L 14500 and T/p 14435-410/350/300/ below down rally OR sell ard 14700-715 S/L 14725 and T/p 14600-500 (any time close above 14725/14950/15075/15600/16050 bullish while close below 14120/13925 bearish for medium term)


SILVER

for the day buy only abv 22550 S/L 22470 and T/p 22650-700/towards 22925 OR sell below 22350 S/L 22425 and T/p 22275-22125/sustain below seen towards 21875-21650 in coming days (any time close below 21625/ 20700/19950 bearish rally while close above 22550/23200/24300 bullish for medium term)


CRUDE

Continue to view, as long Resistance of 2960 down trend seen continue towards 2760/2675 & 2625 in coming days. we book profit on sell below 2900, for the day sell below 2875 S/L 2890 and T/p 2850/2830/2810/2785 OR buy only abv 2940 S/L 2925 and T/p 2960/sustain abv towards 2995-3015/and Sustain close abv 3015 seen towards 3125-50 Range in coming days (now crude need to close above 2960-3015 for bullish rally while close below 2750/2680/2500 bearish for medium term)

COPPER


Continue to view, as long Resistance of 221 & 225.5 down trend seen continue. we book profit on sell below 219.5, for the day sell only below 212.5 S/L 216.25 and T/p 209/Sustain close below 212.5 seen towards 206-203.5 atleast/ towards 198 in coming days OR sell ard 220.4-220.7 S/L 221 and T/p 218-216.5 (upside strong rally only on close above 226/234.5/245.5 while close below 212.5/199/182 bearish for medium term)



MCXARUN
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