safe trade calls

GOLD

Our trend reversal level was 13325, see break yesterday and make High=13637 within few hours. Now as long Support of 13170 & 13000 uptrend seen continue. for the day buy abv 13575 S/L 13530 and T/p 13625-650/abv towards 13800 and sustain close above 13800 towards 14200-300 Range in coming days OR buy ard 13310-315 S/L 13300 and T/p 13370-410 (any time close above 13325/13575/13800/14400 bullish while close below 12800-12600/ 12330/11950/11525-420 bearish for medium term)


SILVER

Now as long Support of 18300 & 18000 and with close abv 18850 sharp uprally expected. we book profit on buy abv 18450, fresh buy only abv 18650 S/L 18550 and T/p 18750-850/close above 18850 test 19500-600 Range atleast in coming days OR buy ard 18070-80 S/L 18050 and T/p 18170-18300 (any time close below 18000/17375/16925/16100/ 15775 bearish rally while close above 18850/19475/20975/21725 bullish for medium term)


CRUDE


THIS WAS OUR WORDS "close below 2015 towards 1925-40 Range atleast" & SEE LOW MAKE=1933 AND ALSO TURN FROM OUR GIVEN SUPPORT LEVEL=1925. Continue to view as long Resist 2155 & 2255 down trend seen continue. we book profit on sell below 2045-2015/1970, for the day sell below 2000 S/L 2025 and T/p 1975/ 1950/1925/sustain close below 1925 potential towards 1780 & 1580 in coming days OR sell ard 2100-2110 S/L 2115 and T/p 2085-2060 (now crude need to close above 2255/2650-75/ 2950 for bullish rally while close below 1925 bearish for medium term)


COPPER


Continue to view, as long Resistance of 169.5 & 171.5 down trend seen continue. we book profit on sell below 165, fresh sell below 163.5 S/L 164.7 and T/p 161.5/below towards 157.5/ 155.5 in coming days OR sell ard 168.3-168.6 S/L 169 and T/p 167-165.5 (upside strong rally only on close above 175/183.5/191.5/197.5/204.5/219/238/ 271 while close below 161.5/155.5/ 151.5/144/138.5 bearish for medium term)



MCXARUN
9994500540

Global Recap – 20th Jan, 09

Crude oil rallied in volatile trading as the NYMEX February crude contract approached expiration. Crude oil had slumped amid concerns over slumping demand in a weak economy and Russia's resumption of natural gas flows to Europe via Ukraine. A stronger dollar and weaker equities had also weighed on the oil complex. Russian natural gas reached Europe via Ukraine for the first time in two weeks. The dollar climbed broadly, boosted by sterling's tumble to a 7-1/2 year low, while the view that the euro zone will suffer a deep recession pushed the euro to a six-week low. Elsewhere OPEC is fully enforcing its recent supply cuts, which should be enough to boost prices that have slumped below $40 a barrel, OPEC's president told. Kuwait has informed all customers of cuts in oil supply in line with OPEC's December curbs, state oil company Kuwait Petroleum Corp said.

Gold surged amid market talk of a large order, with firm investment demand for gold as a haven from risk fuelling buying of the precious metal. Gold shrugged off early weakness linked to a strengthening U.S. dollar and weaker oil prices. The dollar rose to a six-week high against the euro as traders worried about the outlook for the euro zone economy, after the European Commission issued a grim forecast for 2009 an Standard and Poor's cut Spain's debt ratings. The other main external driver of gold, crude oil, steadied after tumbling almost 10% in earlier trade, after Russia and Ukraine agreed on a gas deal that will help secure supplies to Europe and traders worried over the outlook for demand. Overall, fears over the outlook for the global economy and the financial system are boosting interest in products like exchange-traded funds which issue securities backed by actual stocks of gold.

Copper tumbled on a stronger dollar and as a jump in inventories added to concerns about demand. However supplies are still growing as evidenced by the inventory accumulation so there is more pain to come. Copper dragged all the industrial metals lower, with aluminum falling to its lowest price since July 2003 and nickel down around 4%. Stocks of copper and aluminum, the two biggest contracts on the LME, have been growing as prices for the two metals have slumped about 60% since last July's record highs. Furthermore copper inventories in LME warehouses jumped 15,425 tonnes the biggest one-day jump since Sept. 4 to 409,100 tonnes, the highest price since January 2004 when prices were around $2,375. China's economy in the fourth quarter probably grew 7.0% from a year earlier.


MCXARUN
9994500540