MCXARUN

Friday, April 4, 2008

safe trade calls

GOLD

we book profit on buy abv 11730, now good resist at 11780. for the day buy only abv 11780 S/L 11750 and T/p 11825-35 upto 11875 OR sell only below 11525 S/L 11555 and T/p 11485-450/400, close below 11400 test 11325-250 atleast in coming days (any time close above 12175/12400/ 13100/13425 bullish while close below 11450-375/ 11000 bearish for medium term)

SILVER

for the day buy only abv 22800 S/L 22710 and T/p 22875-950/23050/23150 upto 23250 OR buy ard 22025-35 S/L 22000 and T/p 22150/22275 upto 22400(any time close below 21725/21325-250/20150/19390/18600-250/17850 bearish rally while close above 23425/ 24000/26100/27500 bullish for medium term)

CRUDE

now good resist at 4240-4260 belt, as long hold 1nce again down rally expected. for the day sell ard 4230-35 S/L 4240 and T/p 4200-4180/4150 OR sell below 4110 S/L 4132 and T/p 4085-4065/4025, sustain abv 4240-50 rally test 4280-85 atleast (now crude need to close above 4260-4315/4460-85 for bullish rally while close below 3985-3960/3830/3585/3415-3390 bearish for medium term)

COPPER

for the day buy only abv 345.5 S/L 343.5 and T/p 347-348.5/351/354, now anytime close abv 345.5 test 350-351 atleast & close abv 354 seen new rally OR sell below 337 S/L 338.2 and T/p 335.75/333-332/below down rally(upside strong rally only on close above 345.5/ 354 while close below 327/310.5-303/ 281/267.5/254.5/235 bearish for medium term)

MCXARUN
9994500540

Comex gold intraday

Gold prices were volatile overnight as traders weighed weak U.S dollar against drop in crude oil prices. Economic data released yesterday also failed to boost the precious metal in particular direction. The U.S Labor Department said on Thursday that jobless claims were soaring to new highs, while U.S. services activity showed a modest pick up in March, inching its way back toward growth territory in a stagnant economy.

International spot gold moved in the range of $908.7 and $889.3 and finished at $902.90 a troy ounce, down by 60 cents.

Gold for June delivery rose $9.40 to end at $909.60 an ounce on the New York Mercantile Exchange.

Initial claims for the week ended March 29 rose by 38,000 to reach 407,000, marking the highest level seen for this economic indicator since mid-September 2005. The four-week average of initial claims also rose, increasing by 15,750 to 374,500, and thus hit the highest since the beginning of October 2005.

Continuing jobless claims were also elevated in the latest week. For the week ended March 22, continuing claims rose by 97,000 to 2.94 million -- the highest since the middle of July 2004. The four-week average of those claims also climbed, rising by 32,250 to hit the 2.86 million mark, the Labor Department's data showed. That was the highest since the mid-September 2004.

The Institute for Supply Management reported that its March non-manufacturing composite index moved to a reading of 49.6 from 49.3 in February and 44.6 in January.

On Friday, much focus of the market men will be on the U.S government reports on nonfarm payrolls data for March.

Oil prices dropped overnight as traders booked profits at higher levels. Weak job data released yesterday has reignited the concerns over the health of U.S economy and demand from that country.

Light, sweet crude for May delivery settled $1, or 1%, lower at $103.83 a barrel. Brent crude on the ICE futures exchange closed $1.23, or 1.2%, lower at $102.52 a barrel.

Medium term outlook (Spot Gold)

Bullish above $916; Resistances are $926, $932, $947, $954, $973, $984, $995, $1002, $1022, $1035, $1052; supports $896, $883. Further up-trend is expected above $954.60.

Last day DGCX Gold June traded in the range $912.8 – $892.80 and closed at $909 ($906.60).

DGCX Gold June

TECHNICAL OUTLOOK (Intra-day)

GOLD (June) - Bullish above $ 906; bearish below $ 901

MCXARUN
9994500540

Technicals – MCX (Intra day calls)

CRUDE OIL (April) BULLISH ABOVE 4180 BEARISH BELOW 4160

GOLD (June) BULLISH ABOVE 11707 BEARISH BELOW 11665

SILVER (May) BULLISH ABOVE 22555 BEARISH BELOW 22465

COPPER (APRIL) BULLISH ABOVE 342 BEARISH BELOW 340.80

LEAD (April) BULLISH ABOVE 117.70 BEARISH BELOW 117.00

NICKEL (April) BULLISH ABOVE 1153 BEARISH BELOW 1147

ZINC (April) BULLISH ABOVE 93.60 BEARISH BELOW 93

MCXARUN
9994500540

Technicals – MCX (Intra day calls)

Thursday, April 3, 2008

safe trade calls

GOLD

price turn exact from our level, for the day buy ard 11480-85 S/L 11475 and T/p 11540-550/11600 OR buy only abv 11730 S/L 11710 and T/p 11770-75/ 11830 upto 11875, only sustain fall below 11450 & 11400 down rally again test 11325-250 atleast in coming days (any time close above 12175/12400/ 13100/13425 bullish while close below 11450-375/11000 bearish for medium term)

SILVER

for the day buy only abv 22400 S/L 22350 and T/p 22475-550 upto 22750 OR buy ard 22000-10 S/L 21975 and T/p 22100-200, anytime sustain close below 21725 & 21325 test 21000-20900 atleast in coming days (any time close below 21725/21325-250/20150/19390/ 18600-250/17850 bearish rally while close above 23425/24000/26100/27500 bullish for medium term)

CRUDE

for the day sell ard 4190-95 S/L 4200 and T/p 4165-40/upto 4100 OR buy ard 4054-60 S/L 4050 and T/p 4080-4100/ upto 4125, anytime sustain close below 3985-3960 seen down rally test 3925-3875 upto 3800 in coming days(now crude need to close above 4260-4315/ 4460-85 for bullish rally while close below 3960/3830/3585/3415-3390 bearish for medium term)

COPPER

book profit on buy abv 339-40, for the day buy only abv 342 S/L 340.75 and T/p 343.5/45/347, sustain close abv 343.5 test 350-351 atleast & close abv 354 seen new rally OR buy ard 335-335.1 S/L 334.5 and T/p 337-339(upside strong rally only on close above 343.5/ 354 while close below 327/310.5-303/ 281/267.5/254.5/235 bearish for medium term)

MCXARUN
9994500540