safe trade calls

GOLD

for the day sell below 12940 S/L 12985 and T/p 12900/12850/sustain below towards 12700 & 12625 in coming days OR buy abv 13225 S/L 13200 and T/p 13270-325 (any time close above 13600/14325 bullish while close below 12700-625/12425/11775/11250 bearish for medium term)


SILVER

for the day sell below 18475 S/L 18555 and T/p 18400-325/250/100/18000 OR sell ard 19160-180 S/L 19200 and T/p 19050-19000/18850 (any time close below 18000/17650 bearish rally while close above 20550/21400/22150/25250/ 26350/27475/28000 bullish for medium term)


CRUDE

Crude oil Inventory Schedule to release tomorrow PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=4120 AS DAYS HIGH WAS 4120. book profit on sell ard 4110/3950, for the day sell below 3900 S/L 3930 and T/p 3860/ close below test 3775-70 atleast OR sell ard 4040-45 S/L 4050 and T/p 4000-3980 (now crude need to close above 4205/4400/4800/5000/5290 for bullish rally while close below 3860 bearish for medium term)


COPPER

we book profit on buy abv 263.5, for the day sell below 251.5 S/L 253 and T/p 250.5/248.25/245 OR sell ard 263.2-263.5 S/L 264 and T/p 261/258.5 (upside strong rally only on close above 270/305/316/327/339/351.25/360.5/ 387/398 while close below 233 bearish for medium term)


MCXARUN
9994500540

long view calls

SPOT GOLD INTERNATIONAL
LIKELY TO TEST $ 960/980 ATLEAST/ TOWARDS $ 1000 WITH ANY BREAK & CLOSE ABOVE $ 931... WHILE CLOSE BELOW $ 818 SEEN TOWARDS $ 790-770 IN COMING DAYS


SPOT SILVER INTERNATIONAL
LIKELY TO TEST $ 15 TOWARDS $ 16 WITH ANY BREAK & CLOSE ABOVE $ 12.30/13.75/$14... WHILE CLOSE BELOW $ 9.50 BEARISH RALLY TOWARDS $ 8.50-8.75 IN COMING DAYS


MCXARUN
9994500540

remember

this is our last chart 7th

see that week chart exactly we hit the target

and in day chart also we said that expect 910$ in upside

our long targets hit

enjoy the profit



click this link to see that charts

again important charts we will post only for members

MCXARUN
9994500540

news for viewers

very important charts and safe trade calls will post shortly
that is only for members
contact soon for get your premium service

MCXARUN
9994500540

Oil slides as Opec calls emergency meeting

By Carola Hoyos and Javier Blas in London

Published: October 9 2008 17:23 | Last updated: October 9 2008 21:53

Oil prices plunged below $85 a barrel on Thursday, the lowest level in a year, as Opec, the oil exporting countries’ cartel, called an emergency meeting to discuss reducing its crude production to halt the collapse in prices.

The announcement came as crude oil futures in New York fell almost $5 to an intraday low of $84.19 a barrel, the lowest level since October 2007.

In late afternoon trading in New York, oil was down $4.14 to $84.81 a barrel.

The drop suggested that the market was firmly focused on the impact of the financial crisis on global economic growth and energy demand next year, rather than in the cartel’s action.

The cartel, which controls 40 per cent of the world’s oil output, said in an unusually frank statement that it was concerned about the “deteriorating economic conditions with contagion risks” and will meet in four weeks to tackle the problem.

Gold, seen as a safe haven in turbulent times, recovered earlier losses to trade at $913 an ounce, up $8 on the day.

Harry Tchilinguirian, an oil analyst at BNP Paribas in London, said the correction in oil prices had come to closely track movements in equity indices and, until such time that credit conditions normalise and confidence returns, “this is likely to continue”.

He cut his price forecast for the first quarter to $81.30 a barrel, adding that prices would average in 2009 about $95 a barrel, well below the $115 a barrel he predicted just a month ago. Oil prices have fallen almost 43 per cent from July’s all-time high of $147.27 a barrel.

The US Department of Energy reported this week that the country’s oil demand averaged 18.66m barrels a day last week, down 8.6 per cent against the same period a year ago as the economic downturn takes its toll on oil consumption. High prices during the summer have forced US motorists to cut their mileage.

Olivier Jakob, of Switzerland-based consultancy Petromatrix, said: “Be it in November or in December, be it formally or informally, Opec will need to reduce production not because the price is currently too low but because there is not enough demand.”

Opec said it would meet on November 18 in Vienna, a month before it was originally due to have its next gathering.

The fall in oil prices was not mirrored in other commodity markets. Agricultural commodities and base metals rose.


MCXARUN
9994500540

GENERAL MARKET CONDITIONS

The investor is no idiot. Even if central banks hide or manipulate all the statistical information he will not get swayed or carried away by the same. This is the message given by the investors to the central banks after the fall in global stock markets despite coordinated interest rate cuts by all the central banks.

The Dow Jones closed below 9000 on signs that carmakers will be the next victims of the credit crisis. Coordinated interest-rate reductions by major central banks on October 8 failed to revive lending among banks. The 3 month London interbank offered rate (Libor), rose to 4.75% yesterday, the highest level since December 28. It's an absolute panic in stocks. Bad assets need to be taken off balance sheets, new capital needs to be added and then we might, maybe, get a respite.

Yamato Life Insurance Co., a Japanese insurer, filed for court protection from creditors in the nation's first bankruptcy in the industry in seven years, with debt exceeding assets by 11.5 billion yen ($116 million). US credit woes now are spreading to Japan. I hope the spread will be limited to developed nations. If US credit woes spread across emerging markets then there will be a total break down in the global financial system.

If interest rates and other measures taken by various central banks fail then currency devaluation could be the next step. Currency devaluation will happen if and only if the measures fail. This is just one of the measures which I am not ignoring and will not happen in 2009. If central bank measures fail by 2009 then there is a realistic chance of currency devaluation in 2010.

Markets will be looking forward to the G7 meeting over the weekend for comments and further actions.

COMEX COPPER DECEMBER

$200 should provide some support. Highly oversold conditions exist. A close below $244 today and next Friday will result in $170 and $140. Resistance starts at $244 and $280.


MCXARUN
9994500540

safe trade calls

GOLD

we book profit on buy abv 13450, for the day buy only abv 13600 S/L 13570 and T/p 13640-50/13690-700/sustain abv towards 13775 OR sell below 13325 S/L 13370 and T/p 13285-230/13190-150/ below down rally (any time close above 13700/13800-860 bullish while close below 12700-625/12425/11775/11250 bearish for medium term)


SILVER

we book profit on buy abv 19400, for the day buy abv 19450 S/L 19375 and T/p 19525-600/sustain abv towards 19850 OR sell below 19100 S/L 19160 and T/p 19000-18975/towards 18800 (any time close below 18550/ 17650 bearish rally while close above 20500/21400/22150/ 25250/26350/27475/28000 bullish for medium term)


CRUDE

Crude oil Inventory Schedule to release today. PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=4440 AS DAYS HIGH WAS 4440. book profit on sell below 4440/4350-25/4255, fresh sell below 4220 S/L 4250 and T/p 4200-4150/sustain close below 4225 seen towards 4000 in coming days OR sell ard 4380-85 S/L 4390 and T/p 4350-4320 (now crude need to close above 4440/4800/4960-5030/5305/5460 for bullish rally while close below 4220/ 3960 bearish for medium term)


COPPER


PRICE TWICE TESTED OUR RESISTANCE BUT FAIL TO BREAK. book profit on sell below 313.5/ 303/ 299.5/288.5/272, for the day sell below 269 S/L 270.5 and T/p 267.5/265.5-265/ sustain below test 260 atleast in coming days OR sell ard 276.2-276.5 S/L 277 and T/p 274-272/270 (upside strong rally only on close above 305/ 316/327/339/351.25/360.5/387/398 while close below 265/251.5/235 bearish for medium term)


for intraday and short time calls please contact
09994500540
MCXARUN