Wednesday, June 17, 2009

safe trade calls

GOLD

Continue to view as long Resistance 14650 & 14725 down trend seen continue. we book profit on sell below 14525-14450, for the day sell below 14375 S/L 14420 and T/p 14350-225 & 14150 in coming days OR sell ard 14635-645 S/L 14650 and T/p 14575-14500 (any time close above 14975/ 15550/15960/16350 bullish while close below 14375/14100/13800 bearish for medium term)


SILVER

Continue to view as long Resistance of 22925 & 23300 down trend seen continue. book profit on sell below 23800/23250, for the day sell only below 22450 S/L 22550 and T/p 22375/ towards 22100 OR sell ard 23070-23080 S/L 23100 and T/p 22925-22825 (any time close below 22450/21625/20700/ 19950 bearish rally while close above 23350/24700 bullish for medium term)


CRUDE

Crude oil Inventory Schedule to release today. Now Strong support seen at 3375 as long hold bounce back expected while below down trend seen. book profit on buy abv 3435, for the day buy only abv 3465 S/L 3450 and T/p 3490-3510/ Sustain abv seen towards 3580-3600 in coming days OR sell only below 3375 S/L 3410 and T/p 3355-3330/Sustain close below 3375 expect price towards 3240-3150-3060 in coming days (now crude need to close above 3510 for bullish rally while close below 3375/ 3230/3140/2900/2800/2600 bearish for medium term)


COPPER


Continue to view, as long Resistance 244.5/247.5 & 250 down trend seen continue towards 234.75/230 in coming days. for the day sell below 237.5 S/L 239.5 and T/p 236-234.75 OR sell ard 244-244.3 S/L 244.5 and T/p 242.5-240 (upside strong rally only on close above 257 while close below 229.75/221/ 212.5/199/182 bearish for medium term)


MCXARUN
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