Wednesday, February 11, 2009

safe trade calls

GOLD

Still as long Resistance of 14310 & 14400 some correction expected. for the day sell below 14140 S/L 14175 and T/p 14100-14070/below towards 14000 OR buy only abv 14400 S/L 14350 and T/p 14440-450/close abv test 14675-700 atleast/towards 15000 in coming days (any time close above 14400-450 bullish while close below 13900-13740/13350/ 13025/12750 bearish for medium term)


SILVER

PRICE TURN ALMOST FROM OUR GIVEN SUPPORT LEVEL=20125 AS DAYS LOW=20150. Continue to view as long Support of 20100 uptrend seen continue. book profit on buy abv 20500, fresh buy only abv 20650 S/L 20550 and T/p 20800 OR buy ard 20170-180 S/L 20150 and T/p 20275-20375, below 20100 avoid fresh long (any time close below 19425/18900/18000/17375/ 16925/16100/15775 bearish rally while close above 20970/21725 bullish for medium term)


CRUDE

Crude oil Inventory Schedule to release today. THIS WAS OUR VIEW ON 9-2-09 REPORT "as long Resistance of 2050-60 down trend seen continue" & SEE PRICE TURN FROM HIGH EXACT 2060 TO MAKE LOW=1892 AND THIS WAS OUR CALL YESTDAY "sell ard 2027-30 S/L 2035 and T/p 2010-1990" & SEE PRICE TURN FROM HIGH EXACT=2035 TO MAKE LOW= 1892. Continue to view as long Resistance of 1990 & 2060 down trend seen continue. we book profit on sell ard 2027, fresh sell below 1890 S/L 1910 and T/p 1870-1850/sustain close below 1890 potential towards 1780-1580 in coming days OR sell ard 1990-1995 S/L 2000 and T/p 1950-1930 (now crude need to close above 2130/2320/2650-75/2950 for bullish rally while close below 1890/1625 bearish for medium term)


COPPER

Continue to view as long Support of 163 expect price towards 185-192 in coming days (buy on dips advisable) for the day buy abv 171.5 S/L 170 and T/p 173-175/ 177.50 OR buy ard 163.4-163.6 S/L 163 and T/p 165-168 (upside strong rally only on close above 177.5/196/204.5/ 219/238/271 while close below 160.5/ 150.5/144/138.5 bearish for medium term)


MCXARUN
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