Thursday, June 18, 2009

safee trade calls

GOLD

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 22675 S/L 22750 and T/p 22610-22590-22400/ 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


Now as long Resistance of 3465 again down side expected & close below 3360 seen down trend for short term. for the day sell below 3400 S/L 3425 and T/p 3375-3360/Sustain close below 3360 expect price towards 3240-3150-3060 in coming weeks OR sell ard 3482-86 S/L 3490 and T/p 3455-3435 (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 242/244.5 down trend seen continue towards 234.75/230 in coming days. for the day sell below 239 S/L 240.5 and T/p 237.75/236.75/234.75 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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