Wednesday, September 23, 2009

safe trade calls

GOLD


US FOMC Interest rate Decision expected today ard 11.45 PM. so it is advisable not to carry huge position overnight. Now expect price towards 15500 as long Resistance of 15925. for the day sell below 15800 S/L 15835 and T/p 15745-15665/below towards 15500 and close below 15500 seen towards 15300 atleast in coming days OR buy only abv 15925 S/L 15875 and T/p 15970-16025/ abv towards 16200-16500 in coming days (any time close above 15960/ 16200 bullish while close below 15500/15000/14690-14585/14375/ 14100/13800 bearish for medium term)



SILVER


Now expect price towards 26450 as long Resistance of 27550/27875. for the day sell below 27175 S/L 27280 and T/p 27025/26875-26700/below towards 26450 and anytime Close below 26450 seen towards 25300-24950 in coming days OR sell ard 27600-610 S/L 27625 and T/p 27500-400-27250 (any time close below 26450/25650/23775/22700 bearish rally while close above 28000 bullish for medium term)


CRUDE


Crude oil Inventory Schedule to release today. Now expect price towards 3250-3150-3060 only with close below 3335 and as long Resistance of 3460-3485. for the day sell only below 3415 S/L 3435 and T/p 3390-3360-3335-40/below down Rally sharp OR sell ard 3520-25 S/L 3530 and T/p 3490-3460 (now crude need to close above 3555/ 3700 for bullish rally while close below 3335/3250/3050 bearish for medium term)



COPPER


PRICE TURN EXACT FROM OUR GIVEN RESIATANCE=306.5 AS DAYS HIGH ALSO EXACT=306.5. Continue to view expect price towards 288-278-272 in coming days as long Resistance of 306.5/309. we book profit on sell below 309.5/307/306, for the day sell below 302 S/L 303.5 and T/p 300.75/ 299/Sustain below towards 296-294 in coming days OR sell ard 308.5-308.80 S/L 309 and T/p 306/304/302 (upside strong rally only on close above 309/ 319.5 while close below 294/288.5 bearish for medium term)




MCXARUN
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