long view calls

ZINC
LIKELY TO TEST 74/73.50 WITH ANY BREAK & CLOSE BELOW 77.5, WHILE ONLY CLOSE ABOVE 84.5 & 87.5 UPRALLY AGAIN (OCT)

LEAD
LIKELY TO TEST 77-75 WITH ANY BREAK & CLOSE BELOW 80.5, WHILE ONLY CLOSE ABOVE 94.5-95.5 UPRALLY AGAIN (OCT)

NAT GAS
LIKELY TO TEST 320-305 WITH ANY BREAK & CLOSE BELOW 332.5, WHILE ONLY CLOSE ABOVE 397.5-400 UPRALLY AGAIN (OCT)


MCXARUN

safe trade calls

GOLD

PRICE TURN ALMOST FROM OUR GIVEN SUPPORT LEVEL=13220 AS DAYS LOW WAS 13235. Broad Range seen between 13800 & 12900 for medium term, either side break will gives sharp rally. for the day sell only below 13225 S/L 13265 and T/p 13170/ 13120/sustain below towards 13000-12925 in coming days OR sell ard 13560-70 S/L 13580 and T/p 13500-450. (any time close above 13800-860 bullish while close below 13120/12900/12425/ 11775/11250 bearish for medium term)

SILVER

THIS WAS OUR WORDS YESTERDAY "close below 20450 test 20000 atleast" ACHIEVED AS DAYS LOW WAS 20019. we book profit on sell below 20875/20650, for the day sell only below 20000 S/L 20110 and T/p 19900-850/19775/towards 19600 OR sell ard 20640-660 S/L 20675 and T/p 20550-450 (any time close below 18950/17650 bearish rally while close above 21400/ 22150/25250/26350/27475/28000 bullish for medium term)

CRUDE

Crude oil Inventory Schedule to release today. PRICE TURN ALMOST FROM OUR GIVEN RESISTANCE=4790 AS DAYS HIGH WAS 4779. we book profit on sell below 4880/4840/4580, for the day buy on dips ard 4595-4600 S/L 4585 and T/p 4650-4690 OR sell ard 4865-70 S/L 4875 and T/p 4820-4800, only sustain abv 4960 & 5025 uptrend again (now crude need to close above 4960-5030/5305/5460 for bullish rally while close below 4425/4250/3960 bearish for medium term)

COPPER

THIS WAS OUR WORDS "below 310 seen down rally sharp" & SEE PRICE BREAK 310 AND MAKE LOW OF 293.3 book profit on sell below 313.5/ 303, for the day sell below 299.5 S/L 301 and T/p 297.5-296.5/294.5/293/ sustain below towards 288 OR sell ard 308.8-309 S/L 309.5 and T/p 306.5/ 304.5 (upside strong rally only on close above 316/327/339/351.25/360.5/387/ 398 while close below 293-289/265/ 251.5/235 bearish for medium term)

MCXARUN
9994500540

long view calls

SPOT GOLD INTERNATIONAL
LIKELY TO TEST $ 930 UPTO $ 948 WITH ANY BREAK & CLOSE ABOVE $ 911.5... WHILE CLOSE BELOW $ 861 SEEN TOWARDS $ 835-830 IN COMING DAYS


SPOT SILVER INTERNATIONAL
LIKELY TO TEST $ 15 TOWARDS $ 16 WITH ANY BREAK & CLOSE ABOVE $ 13.75/$14... ONLY CLOSE BELOW $ 11.65/ $ 10.25 BEARISH RALLY SHARP TOWARDS $ 8.75


MCXARUN
9994500540

GENERAL MARKET CONDITIONS

Gold and silver fell yesterday after Congressional leaders from both parties said they have agreed in principle to the emergency measure. The lawmakers said they would present their agreement to the White House in hopes of a vote within days. Under a set of principles endorsed by both parties, the the administration would be granted the full $700bn it sought, but with a first tranche of just $250bn and a further $100bn available without further congressional approval. Congress would get a chance to a vote on the remaining $350bn at a later date. The US Treasury was considering the proposals last night.

Washington Mutual Inc. may be seized by the US and parts sold to JPMorgan Chase & Co. in what will rank among the biggest banking failures in U.S. history. The Federal Deposit Insurance Corp. plans to take control of Seattle-based WaMu, the biggest U.S. savings and loan, according to the CNBC television network, and New York-based JPMorgan will buy deposits and branches, the Wall Street Journal said, without citing any sources. The FDIC insurance fund is not expected to contribute any money, the Journal said.

Our view on the above: Commodities will be volatile and if they are unable to break key technical resistances by next week they will fall sharply. Unless the US bail out package is confirmed gold, silver, copper and crude oil will not fall by much. Only volatility will rise. Once the US bail out package is announced, commodities will fall first and then rise.

COMEX COPPER DECEMBER

Intra day copper is bullish over $303 {LME (3 month) $6800} with $318 and $325 as the key resistance.

MCX NICKEL SEPTEMBER: Use a sell on rise strategy till nickel does not break 832-838 zone. Short term investors should buy nickel near to the 688-705 zone


MCXARUN
9994500540

safe trade calls

GOLD

Broad Range seen between 12350 & 13500 for medium term, either side break will gives rally. for the day sell below 12960 S/L 12990 and T/p 12930/ 12875/towards 12775 in coming days OR sell ard 12215-20 S/L 13225 and T/p 13180/13125 (any time close above 13550/13850 bullish while close below 12300/11675/11125 bearish for medium term)

SILVER

for the day sell only below 20400 S/L 20460 and T/p 20300-200 OR buy on dips ard 20030-40 S/L 20000 and T/p 20125-200/towards 20400, anytime sustain close above 20975 seen new rally towards 22000 in coming days (any time close below 18950/17650bearish rally while close above 20975/ 22150/25250/26350/27475/28000 bullish for medium term)


CRUDE

Crude oil Inventory schedule to release today. PRICE TURN EXACT FROM OUR GIVEN RESISTANCE= 5000 AS DAYS HIGH WAS 4995. book profit on buy ard 4790-95, for the day sell below 4775 & more below 4755 S/L 4800 and T/p 4720-4695 OR sell ard 4950-55 S/L 4960 and T/p 4920/4890(now crude need to close above 5000/ 5305/5460 for bullish rally while close below 4660/4440/4250/3960 bearish for medium term)


COPPER

Continue to view as long Resistance 323.5/327 down trend continue. PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=327 AS DAYS HIGH WAS 326.95. for the day sell below 316.5 S/L 318 and T/p 315.5/313.5/ towards 312/310/below down rally OR sell ard 324.3-324.6 S/L 325 and T/p 323/321 (upside strong rally only on close above 327/339/351.25/360.5/387/ 398 while close below 310/303.5/289/ 265/251.5/235 bearish for medium term)


MCXARUN
9994500540

safe trade calls

GOLD

PRICE TURN ALMOST FROM OUR GIVEN RESISTANCE=13150 AS DAYS HIGH WAS 13152. Broad Range seen between 12350 & 13500 for medium term, either side break will gives rally. for the day buy only abv 12160 S/L 12130 and T/p 12200-260/sustain abv towards 12360 OR buy ard 12815-20 S/L 12800 and T/p 12875-950 (any time close above 13550/13850 bullish while close below 12300/11675/11125 bearish for medium term)


SILVER

THIS WAS OUR WORDS "as long support of 18900-950, upside seen continue" & SEE RALLY SINCE LAST 2-DAYS. book profit on buy abv 19750, for the day buy abv 20750 S/L 20650 and T/p 20850/21000, sustain close above 20850 seen new rally towards 22000 in coming days OR buy ard 20170-180 S/L 20150 and T/p 20300-400 (any time close below 18950/17650bearish rally while close above 20850/ 22150/25250/26350/27475/28000 bullish for medium term)


CRUDE

THIS WAS OUR WORDS YESTERDAY "above 4725 test 4825 atleast/ towards 4900" ACHIEVED AS YESTERDAY HIGH WAS 4955. book profit on buy abv 4725, for the day buy only abv 4975 S/L 4950 and T/p 5000/ towards 5100 in coming days OR buy ard 4790-95 S/L 4780 and T/p 4850-4900. (now crude need to close above 4955/5305/5460 for bullish rally whileclose below 4660/4440/4250/3960 bearish for medium term)


COPPER

we book profit on sell last. for the day buy only abv 327 S/L 325.5 and T/p 328.5-30/towards 334 OR buy ard 319.4-319.6 S/L 319 and T/p 321.5-23(upside strong rally only on close above 327/339/351.25/360.5/387/398 while close below 310/303.5/289/265/251.5/ 235 bearish for medium term)


MCXARUN
9994500540

GENERAL MARKET CONDITIONS

It’s the US dollar story for commodities. As long as the US dollar weakens commodities will remain firm. There are concerns that the Federal reserve funding virtually bankrupt companies in US will result in US deficits ballooning. This will be known only after a gap of two to three months. Till then uncertainty will prevail. Due to lack of major market moving news the market focus is on US deficits. Commodities will fall and US dollar will gain as and when market some other news arrives so as switch focus from away from US economy.

TODAY

We prefer to remain on the sidelines and buy on sharp dips as well as sell on a rise. Technically gold, silver, copper and crude oil are bullish.

NYMEX CRUDE OIL (1^ST CONTRACT)

Intra day sellers will emerge only on a consolidated fall below $106 for $103.80 and $99.20. On the higher side $112 and $116.80 are the key resistances.

MCXARUN

9994500540