Wednesday, June 10, 2009

safe trade calls!

GOLD

Range bound movement seen between 14470 & 14905, break will decide direction. for the day sell below 14550 S/L 14590 and T/p 14500-14470/Sustain below towards 14350 & 14150 in coming days OR sell ard 14890-900 S/L 14910 and T/p 14840-800, abv 14910 & 14975 avoid short sell (any time close above 14975/15550/15960/16350 bullish while close below 14470/14100/13800 bearish for medium term)


SILVER


Continue to view as long Resistance of 23850 & 24000 down trend seen continue. for the day sell below 23450 S/L 23575 and T/p 23340-250-150/close below expect towards 22900 & 22400 in coming days OR sell ard 23970-980 S/L 24000 and T/p 23850-775 (any time close below 23150/22550/21625/20700/ 19950 bearish rally while close above 24700 bullish for medium term)



CRUDE


Crude oil Inventory Schedule to release today. Continue to view as long Support of 3260 & 3180 uptrend seen continue. book profit on buy abv 3280, for the day buy only abv 3320 S/L 3295 and T/p 3350-60/towards 3390-3400 in coming days OR sell only below 3260 S/L 3285 and T/p 3235/3200 (now crude need to close above 3320 for bullish rally while close below 3180/3070/2850/2750/2680/ 2500 bearish for medium term)



COPPER


Now Xpect price towards 252 & 260 as long Support of 244 & 238.25. book profit on buy abv 241, for the day buy only abv 248 S/L 246.50 and T/p 250-252/Potential towards 260 in coming days OR buy ard 242-242.25 S/L 241.75 and T/p 243.75-246.5 (upside strong rally only on close above 248 while close below 229.75/221/212.5/ 199/182 bearish for medium term)


MCXARUN
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