Wednesday, July 15, 2009

safe trade calls!

GOLD

Still as long Resistance of 14700 more down side expected. for the day sell below 14580 S/L 14610 and T/p 14550-14500/14440-410-14375/Sustain close below 14375 seen towards 14225-14150 in coming days OR buy only above 14725 S/L 14650 and T/p 14790-825/ towards 14975 in coming days (any time close above 14825-14975/15550/ 15960/16350 bullish while close below 14375/14100/13800 bearish for medium term)


SILVER

Now expect more bounce back with any close above 21650. book profit on buy above 21500, for the day buy only above 21660 S/L 21580 and T/p 21800-21950 OR sell only below 21450 S/L 21520 and T/p 21375/300, only below 21100 now down trend again (any time close below 21100/20250 bearish rally while close above 22025/23000/24150/24725 bullish for medium term)


CRUDE


Crude oil Weekly Inventory Schedule to release today. Now Expect bounce back only with close above 3000 towards 3050/3115/3180 in coming days. for the day sell below 2900 S/L 2920 and T/p 2880-2850/towards 2800 OR sell ard 2980-85 S/L 2990 and T/p 2960-2945 (now crude need to close above 3165/3510 for bullish rally while close below 2880/2800/2600 bearish for medium term)


COPPER


for the day buy only abv 249 S/L 248 and T/p 250-251.25/Close abv 251.25 seen towards 253.5/257 in coming days OR sell below 247 S/L 248.5 and T/p 245/242.5 (upside strong rally only on close above 251.25/258.5 while close below 238.75/232/214.5 bearish for medium term)



MCXARUN
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