Friday, July 3, 2009

safe trade calls

GOLD

As US market remain Closed today, Thin volatility expected and price seen in trading Range only. Continue to view as long Resistance of 14625 & 14675 more down side expected. for the day sell below 14400 S/L 14440 and T/p 14375/Sustain below seen towards 14225-14150 in coming days OR sell ard 14660-670 S/L 14675 and T/p 14590-530 (any time close above 14825-14975/ 15550/15960/16350 bullish while close below 14375/14100/ 13800 bearish for medium term)


SILVER


THIS WAS OUR VIEW IN REPORT Dt.26-6-09 "as long Resistance of 22700 & 22900 down trend seen continue" & SEE PRICE TURN FROM HIGH=22793 ON THAT DAY & SEE YESTERDAY LOW=21250. Continue to view as long Resistance of 21800 & 21900 down trend seen continue. book profit on sell below 21600, for the day sell only below 21250 S/L 21350 and T/p 21000/20900 OR sell ard 21770-780 S/L 21800 and T/p 21700-21600 (any time close below 21250/20700/19950 bearish rally while close above 22500/23350/24700 bullish for medium term)


CRUDE


Continue to view as long Resistance of 3335 down trend seen continue. book profit on sell below 3330/3290, fresh sell below 3215 S/L 3235 and T/p 3190-3150/towards 3050 atleast in coming weeks OR sell ard 3292-95 S/L 3300 and T/p 3270-3250 (now crude need to close above 3510 for bullish rally while close below 3215/3140/ 2900/2800/2600 bearish for medium term)


COPPER


Continue to view, expect range bounce movement between 239 & 251.25, break will seen sharp Rally. book profit on sell below 245, for the day sell below 243 S/L 244.5 and T/p 241.50-239.25/below towards 236.75-233 in coming days OR buy only abv 250.5 & more abv 251.25 S/L 249.5 and T/p 253.50/256.5/258 in coming days (upside strong rally only on close above 251.25/258.5 while close below 232/ 214.5 bearish for medium term)



MCXARUN
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