Friday, August 28, 2009

safe trade calls!

GOLD

AFTER LOOKING CHART PATTERN WE EXPECT HUGE VOLATILITY, SO TRADE WITH STRICT S/L ADVISABLE. Now Expect price towards 15300-350 atleast/upto 15550 only with close abv 15085 & as long Support of 14800. for the day buy only abv 15100 S/L 15050 and T/p 15150/abv Uprally OR sell below 14925 S/L 14975 and T/p 14875/14790-14690/towards 14585 (any time close above 15085/ 15550/15960/16350 bullish while close below 14690-14585/14375/14100/13800 bearish for medium term)


SILVER


Continue to view as long Resistance of 23550 more down side expected. for the day sell only below 23300 S/L 23380 and T/p 23250-23125/23000/below seen towards 22675-22500 in coming days OR buy only abv 23550 S/L 23440 and T/p 23675-700/Close abv 23700 seen towards 24150-200 in coming days (any time close below 22500/21750/21100/ 20250 bearish rally while close above 24275-24725 bullish for medium term)


CRUDE


for the day buy only abv 3545 S/L 3525 and T/p 3570-75/3620 OR sell below 3475 S/L 3500 and T/p 3450-3425/ below towards 3370 in coming days (now crude need to close above 3650 for bullish rally while close below 3465/ 3310/3170/3015/2900 bearish for medium term)


COPPER


Trading Range seen between 304.75 & 313, either side close will Resulted in Sharp Rally. for the day buy only abv 313.5 S/L 312 and T/p 315-316 where Strong Resistance seen again OR sell below 310 S/L 311.25 and T/p 308.5/ 306.75/304.75/below down Rally sharp (upside strong rally only on close above 313 while close below 287/262/241.75/ 232/214.5 bearish for medium term)


MCXARUN
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