GOLD
AS US MARKET WILL REMAIN CLOSE ON COMING MONDAY, WE ADVISE NOT TO CARRY HUGE POSITION. Continue to view as long Resistance of 14575 & 14725 down trend seen continue. for the day sell below 14470 S/L 14500 and T/p 14435-410/350/300/ below down rally OR sell ard 14700-715 S/L 14725 and T/p 14600-500 (any time close above 14725/14950/15075/15600/16050 bullish while close below 14120/13925 bearish for medium term)
SILVER
for the day buy only abv 22550 S/L 22470 and T/p 22650-700/towards 22925 OR sell below 22350 S/L 22425 and T/p 22275-22125/sustain below seen towards 21875-21650 in coming days (any time close below 21625/ 20700/19950 bearish rally while close above 22550/23200/24300 bullish for medium term)
CRUDE
Continue to view, as long Resistance of 2960 down trend seen continue towards 2760/2675 & 2625 in coming days. we book profit on sell below 2900, for the day sell below 2875 S/L 2890 and T/p 2850/2830/2810/2785 OR buy only abv 2940 S/L 2925 and T/p 2960/sustain abv towards 2995-3015/and Sustain close abv 3015 seen towards 3125-50 Range in coming days (now crude need to close above 2960-3015 for bullish rally while close below 2750/2680/2500 bearish for medium term)
COPPER
Continue to view, as long Resistance of 221 & 225.5 down trend seen continue. we book profit on sell below 219.5, for the day sell only below 212.5 S/L 216.25 and T/p 209/Sustain close below 212.5 seen towards 206-203.5 atleast/ towards 198 in coming days OR sell ard 220.4-220.7 S/L 221 and T/p 218-216.5 (upside strong rally only on close above 226/234.5/245.5 while close below 212.5/199/182 bearish for medium term)
MCXARUN
9994500540
Friday, May 22, 2009
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