Wednesday, August 26, 2009

safe trade calls!

GOLD

AFTER LOOKING CHART PATTERN WE EXPECT HUGE VOLATILITY, SO TRADE WITH STRICT S/L ADVISABLE. Now Expect price towards 15300-350 atleast/upto 15550 only with close abv 15085 & as long Support of 14800. for the day buy only abv 15100 S/L 15050 and T/p 15150/abv Uprally OR sell only below 14875 S/L 14925 and T/p 14790-14690/towards 14585 (any time close above 15085/ 15550/15960/16350 bullish while close below 14690-14585/14375/14100/13800 bearish for medium term)



SILVER


Continue to view as long Resistance of 23500 & 23700 more down side expected. for the day sell below 23200 S/L 23300 and T/p 23090/23000/below seen towards 22675-22500 in coming days OR buy only abv 23700 S/L 23600 and T/p 23850/Close abv 23700 seen towards 24150-200 in coming days (any time close below 22500/21750/21100/ 20250 bearish rally while close above 24275-24725 bullish for medium term)


CRUDE


Crude oil Inventory Schedule to release today. Still as long Support of 3480 again bounce back expected. for the day buy only abv 3530 S/L 3510 and T/p 3555-3575 OR sell only below 3480 S/L 3510 and T/p 3450-3425/towards 3370 in coming days (now crude need to close above 3650 for bullish rally while close below 3480/3310/3170/ 3015/2900 bearish for medium term)



COPPER


AFTER LOOKING CHART PATTERN WE EXPECT HUGE VOLATILITY, SO TRADE WITH STRICT S/L ADVISABLE. Trading Range seen between 305.5 & 313, either side break will Resulted in Sharp Rally. for the day buy only abv 311 S/L 310 and T/p 312.5/315-316 where Strong Resistance seen again OR sell below 308 S/L 309.5 and T/p 305.5/304/301.5 (upside strong rally only on close above 313 while close below 287/262/241.75/232/214.5 bearish for medium term)



MCXARUN
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