Friday, June 19, 2009

safe trade calls

GOLD

PRICE TURN ALMOST FROM OUR GIVEN RESISTANCE=14650 AS DAYS HIGH=14640. Continue to view as long Resistance 14650 & 14725 down trend seen continue. for the day sell below 14450 S/L 14490 and T/p 14380/14350-225 & 14150 in coming days OR sell ard 14715-725 S/L 14730 and T/p 14650-14580 (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. for the day sell below 22600 S/L 22680 and T/p 22485-22400/sustain below towards 22125 & break below 22125 seen towards 21700 in coming days OR sell ard 23070-23080 S/L 23100 and T/p 22925-22825 (any time close below 22400/21625/20700/19950 bearish rally while close above 23350/ 24700 bullish for medium term)


CRUDE

Continue to view as long Resistance of 3510 again down side expected & close below 3360 seen down trend for short term. for the day sell below 3455 S/L 3470 and T/p 3445-3425-3400-3360/ Sustain close below 3360 expect price towards 3240-3150-3060 in coming weeks OR buy only abv 3510 S/L 3490 and T/p 3540-3570 in coming days (now crude need to close above 3510 for bullish rally while close below 3360/ 3230/3140/2900/2800/2600 bearish for medium term)


COPPER

Continue to view, as long Resistance 242.75/244.5 down trend seen continue towards 234.75/230 in coming days. we book profit on sell below 239, fresh sell below 240 S/L 241.10 and T/p 239/ 237.5/236.5/close below seen towards 231-230 in coming days 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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