Thursday, July 9, 2009

safe trade calls

GOLD

Continue to view as long Resistance of 14625 & 14675 more down side expected. we book profit on sell below 14520, fresh sell below 14480 S/L 14515 and T/p 14455-14410-14375/ Sustain below seen towards 14225-14150 in coming days OR sell ard 14660-670 S/L 14675 and T/p 14590-530, above 14675 avoid short sell (any time close above 14825-14975/15550/ 15960/16350 bullish while close below 14375/14100/13800 bearish for medium term)


SILVER

Continue to view as long Resistance of 21800 & 21975 down trend seen continue. for the day sell only below 21450 S/L 21560 and T/p 21300/Sustain close below 21450 seen towards 21100-20900 in coming days OR sell ard 21780-800 S/L 21810 and T/p 21700-21600 (any time close below 21450/ 20825/20250 bearish rally while close above 23000/24150/24725 bullish for medium term)


CRUDE


THIS WAS OUR VIEW IN REPORT Dt. 17-6-2009 "Sustain close below 3375 expect price towards 3240-3150-3060 in coming days" & SEE YESTERDAY LOW=2976 ACHIEVEDDD. Continue to view as long Resistance of 3040 & 3085 down trend seen continue. for the day sell below 2975 S/L 2995 and T/p 2950/ towards 2900 in coming days OR sell ard 3075-80 S/L 3085 and T/p 3040-3020 (now crude need to close above 3165/3510 for bullish rally while close below 2900/2800/2600 bearish for medium term)


COPPER


THIS WAS OUR VIEW IN REPORT Dt. 7-7-09 "Still as long Resistance of 244 & 246.5 more down side expected" & SEE PRICE TURN FROM HIGH EXACT=246.5 ON SAME DAY AND NOW FALL TOWARDS LOW= 234.7 YESTERDAY. Continue to view as long Resistance of 240 & 243 down trend seen continue. for the day sell below 238 S/L 239.5 and T/p 237-26-234.75/232/Close below seen new down rally OR sell ard 241-241.3 S/L 241.5 and T/p 239.75-238 (upside strong rally only on close above 246.5/251.25/258.5 while close below 232/214.5 bearish for medium term)


MCXARUN
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