Tuesday, April 21, 2009

safe trade calls

GOLD

Still as long Resistance of 14475 again correction expected. for the day sell below 14375 S/L 14420 and T/p 14350-325/14270/14215 OR buy only abv 14475 S/L 14390 and T/p 14575-675/ towards 14875 in coming days (any time close above 14475/15075/15600/ 16050 bullish while close below 13990-13925 bearish for medium term)


SILVER

Continue to view Xpect price towards 19500-19200 as long Resistance of 20850 & 21100. for the day sell below 20300 S/L 20370 and T/p 20220-150-20075/19950 OR sell ard 20820-830 S/L 20850 and T/p 20700-600-500 (any time close below 19750-700 bearish rally while close above 21275/22950/ 23900 bullish for medium term)


CRUDE

Continue to view Xpect price towards 2375-2350 as long Resistance of 2560 & 2610. book profit on sell ard 2650/ 2580, for the day sell below 2460 S/L 2475 and T/p 2440/towards 2375-2350 Range in coming days OR sell ard 2555-60 S/L 2565 and T/p 2540-2520 (now crude need to close above 2610/ 2750-2800/2835-2865 for bullish rally while close below 2465/2355/2300/ 2175/2100 bearish for medium term)

COPPER

Continue to view Xpect price towards 226-221 as long Resistance of 234.5 & 240.5. book profit on sell below 237.5, for the day sell below 233 S/L 235 and T/p 231-229/226 OR sell ard 234-234.5 S/L 235 and T/p 233-231 (upside strong rally only on close above 243/248/269.5 while close below 229/215/199/182 bearish for medium term)



MCXARUN
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