Wednesday, March 3, 2010

safe trade calls!

GOLD


Continue to view as long Support at 16850/16750 uptrend seen continue towards 17150-17300. book profit on buy abv 16850, fresh buy only abv 17050 S/L 17015 and T/p 17150-17300 in coming days OR buy ard 16760-65 S/L 16750 and T/p 16825-16900(any time close above 17300/ 17775/18400 bullish while close below 15950/15775/ 15500 bearish for medium term)


SILVER



Continuen to view as long Support at 26250 & 25900 uptrend seen continue towards 26800-27600. book profit on buy abv 26250, fresh buy abv 26750 & more abv 26800 S/L 26680 and T/p 27000/27200 OR buy ard 26210-225 S/L 26200 and T/p 26500-26600 (any time close below 24775/23825 bearish rally while close above 27600/28850/29925 bullish for medium term)


CRUDE



Continue to view as long Support at 3650-3610, again bounce back expected. we book profit on buy abv 3670 & 3680, fresh buy only abv 3715 & more abv 3730 S/L 3695 and T/p 3750- 3780/abv seen new Uprally OR sell only below 3610 & more below 3600 & below 3585 S/L 3630 and T/p 3555-50/ below towards 3460 in coming days (now crude need to close above 3800 for bullish rally while close below 3550/ 3450/3300 bearish for medium term)



COPPER


Trading Range seen between 333 & 346 break will decide fresh direction. we book profit on buy abv 341.5, fresh buy only abv 344.5 S/L 343.4 and T/p 346/ Close abv towards 356-357/ and abv seen New Uprally OR buy ard 337.2-337.3 S/L 337 and T/p 340-344. below 335 & 333 avoid long Strictly (upside strong rally only on close above 346/356 while close below 325/293 bearish for medium term)


MCXARUN
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