Thursday, June 25, 2009

safe trade calls

GOLD

PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=14825 AS DAYS HIGH=14823. Now Xpect trading Range between 14450 & 14825, break will decide direction. for the day buy only abv 14700 S/L 14660 and T/p 14735-780-14825/Sustain abv towards 14975 in coming days OR sell only below 14520 S/L 14550 and T/p 14470-410-350/below 14350 seen towards 14225 & 14150 atleast in coming days (any time close above 14975/15550/15960/16350 bullish while close below 14375/14100/ 13800 bearish for medium term)


SILVER


Continue to view as long Resistance of 22700 down trend seen continue. for the day sell below 22350 S/L 22410 and T/p 22250-22075/Close below seen towards 21650 in coming days OR sell ard 22670-680 S/L 22700 and T/p 22550-22425, only sustain abv 22700 & 22900 Uptrend again (any time close below 22075/21625/20700/19950 bearish rally while close above 23350/ 24700 bullish for medium term)


CRUDE


Continue to view as long Resistance of 3375 & 3405 down trend seen continue. for the day sell below 3325-20 S/L 3345 and T/p 3300-3285-3255/Close below expect towards our T/p 3150-3050 in coming week OR sell ard 3392-2400 S/L 3405 and T/p 3360-3335 (now crude need to close above 3510 for bullish rally while close below 3230/3140/ 2900/2800/2600 bearish for medium term)


COPPER


Still as long Resistance of 244.5 & 247 again down side expected. for the day sell below 241 S/L 242.70 and T/p 239.25-237.75-234.75/below down Rally OR sell ard 246.50-246.8 S/L 247 and T/p 245.25-244.5/241 (upside strong rally only on close above 244.5/257 while close below 229.75/221/212.5/ 199/182 bearish for medium term)


MCXARUN
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