safe trade calls

GOLD


Continue to view as long Resistance of 14625 & 14675 more down side expected. we book profit on sell below 14520/14480, fresh sell below 14430 S/L 14465 and T/p 14410-14375/ Sustain close below 14375 seen towards 14225-14150 in coming days OR sell ard 14660-670 S/L 14675 and T/p 14590-530, above 14675 avoid short sell (any time close above 14825-14975/ 15550/15960/16350 bullish while close below 14375/14100/13800 bearish for medium term)


SILVER

Continue to view as long Resistance of 21800 & 21900 down trend seen continue. for the day sell below 21425 S/L 21480 and T/p 21370-325/Sustain below 21325 seen towards 21100-20900 in coming days OR sell ard 21870-880 S/L 21900 and T/p 21800-21700, abv 21900 avoid short sell (any time close below 21325/20825/20250 bearish rally while close above 22025/23000/24150/ 24725 bullish for medium term)


CRUDE


THIS WAS OUR VIEW IN REPORT Dt. 17-6-2009 "Sustain close below 3375 expect price towards 3240-3150-3060 in coming days" AND THIS WAS IN REPORT Dt. 8-7-2009 "Sustain close below 3050 seen towards 2900" & SEE YESTERDAY LOW=2911 ALMOST ACHIEVEDDD. Continue to view as long Resistance of 2980 & 3010 down trend seen continue. book profit on sell below 2975, for the day sell only below 2925 S/L 2950 and T/p 2900-2875 OR sell ard 3000-3005 S/L 3010 and T/p 2980-2960 (now crude need to close above 3165/3510 for bullish rally while close below 2900/2800/2600 bearish for medium term)



COPPER


Continue to view as long Resistance of 243 down trend seen continue. for the day sell below 239.75 S/L 241 and T/p 238-236.5-234.75/232/Close below seen new down rally OR sell ard 246.1-246.3 S/L 246.5 and T/p 244-242 (upside strong rally only on close above 246.5/ 251.25/258.5 while close below 232/ 214.5 bearish for medium term)



MCXARUN
9994500540

safe trade calls

GOLD


Continue to view as long Resistance of 14625 & 14675 more down side expected. we book profit on sell below 14520/14480, fresh sell below 14430 S/L 14465 and T/p 14410-14375/ Sustain close below 14375 seen towards 14225-14150 in coming days OR sell ard 14660-670 S/L 14675 and T/p 14590-530, above 14675 avoid short sell (any time close above 14825-14975/ 15550/15960/16350 bullish while close below 14375/14100/13800 bearish for medium term)


SILVER

Continue to view as long Resistance of 21800 & 21900 down trend seen continue. for the day sell below 21425 S/L 21480 and T/p 21370-325/Sustain below 21325 seen towards 21100-20900 in coming days OR sell ard 21870-880 S/L 21900 and T/p 21800-21700, abv 21900 avoid short sell (any time close below 21325/20825/20250 bearish rally while close above 22025/23000/24150/ 24725 bullish for medium term)


CRUDE


THIS WAS OUR VIEW IN REPORT Dt. 17-6-2009 "Sustain close below 3375 expect price towards 3240-3150-3060 in coming days" AND THIS WAS IN REPORT Dt. 8-7-2009 "Sustain close below 3050 seen towards 2900" & SEE YESTERDAY LOW=2911 ALMOST ACHIEVEDDD. Continue to view as long Resistance of 2980 & 3010 down trend seen continue. book profit on sell below 2975, for the day sell only below 2925 S/L 2950 and T/p 2900-2875 OR sell ard 3000-3005 S/L 3010 and T/p 2980-2960 (now crude need to close above 3165/3510 for bullish rally while close below 2900/2800/2600 bearish for medium term)



COPPER


Continue to view as long Resistance of 243 down trend seen continue. for the day sell below 239.75 S/L 241 and T/p 238-236.5-234.75/232/Close below seen new down rally OR sell ard 246.1-246.3 S/L 246.5 and T/p 244-242 (upside strong rally only on close above 246.5/ 251.25/258.5 while close below 232/ 214.5 bearish for medium term)



MCXARUN
9994500540

safe trade calls

GOLD

Continue to view as long Resistance of 14625 & 14675 more down side expected. we book profit on sell below 14520, fresh sell below 14480 S/L 14515 and T/p 14455-14410-14375/ Sustain below seen towards 14225-14150 in coming days OR sell ard 14660-670 S/L 14675 and T/p 14590-530, above 14675 avoid short sell (any time close above 14825-14975/15550/ 15960/16350 bullish while close below 14375/14100/13800 bearish for medium term)


SILVER

Continue to view as long Resistance of 21800 & 21975 down trend seen continue. for the day sell only below 21450 S/L 21560 and T/p 21300/Sustain close below 21450 seen towards 21100-20900 in coming days OR sell ard 21780-800 S/L 21810 and T/p 21700-21600 (any time close below 21450/ 20825/20250 bearish rally while close above 23000/24150/24725 bullish for medium term)


CRUDE


THIS WAS OUR VIEW IN REPORT Dt. 17-6-2009 "Sustain close below 3375 expect price towards 3240-3150-3060 in coming days" & SEE YESTERDAY LOW=2976 ACHIEVEDDD. Continue to view as long Resistance of 3040 & 3085 down trend seen continue. for the day sell below 2975 S/L 2995 and T/p 2950/ towards 2900 in coming days OR sell ard 3075-80 S/L 3085 and T/p 3040-3020 (now crude need to close above 3165/3510 for bullish rally while close below 2900/2800/2600 bearish for medium term)


COPPER


THIS WAS OUR VIEW IN REPORT Dt. 7-7-09 "Still as long Resistance of 244 & 246.5 more down side expected" & SEE PRICE TURN FROM HIGH EXACT=246.5 ON SAME DAY AND NOW FALL TOWARDS LOW= 234.7 YESTERDAY. Continue to view as long Resistance of 240 & 243 down trend seen continue. for the day sell below 238 S/L 239.5 and T/p 237-26-234.75/232/Close below seen new down rally OR sell ard 241-241.3 S/L 241.5 and T/p 239.75-238 (upside strong rally only on close above 246.5/251.25/258.5 while close below 232/214.5 bearish for medium term)


MCXARUN
9994500540

safe trade calls

GOLD

Continue to view as long Resistance of 14625 & 14675 more down side expected. for the day sell only below 14520 S/L 14560 and T/p 14460-14410-14375/Sustain below seen towards 14225-14150 in coming days OR sell ard 14660-670 S/L 14675 and T/p 14590-530, above 14675 avoid short sell (any time close above 14825-14975/ 15550/15960/16350 bullish while close below 14375/14100/13800 bearish for medium term)


SILVER


Continue to view as long Resistance of 21975 & 22200 down trend seen continue. for the day sell below 21700 S/L 21780 and T/p 21620/21525-475/ Sustain close below seen towards 21100-20900 in coming days OR buy only abv 22025 S/L 21900 and T/p 22130/22300 (any time close below 21475/20825/20250 bearish rally while close above 23000/24150/24725 bullish for medium term)



CRUDE


PRICE TURN BOTH SIDE EXACT FROM OUR GIVEN LEVELS. THIS WAS OUR VIEW IN REPORT Dt. 17-6-2009 "Sustain close below 3375 expect price towards 3240-3150-3060 in coming days" & SEE YESTERDAY LOW=3051 ACHIEVEDDD. Continue to view as long Resistance of 3115 & 3165 down trend seen continue. book profit on sell below 3090, for the day sell below 3050 S/L 3070 and T/p 3030/ Sustain close below 3050 seen towards 2900 in coming days OR sell ard 3135-40 S/L 3145 and T/p 3100-3085 (now crude need to close above 3510 for bullish rally while close below 3050/ 2900/2800/2600 bearish for medium term)


COPPER


THIS WAS OUR VIEW YESTERDAY "Still as long Resistance of 244 & 246.5 more down side expected" & SEE PRICE TURN FROM HIGH EXACT=246.5 AND FALL SHARPLY TOWARDS LOW=239.5. Continue to view as long Resistance of 244 & 246.5 down trend seen continue. book profit on sell below 241.5, for the day sell below 239.5 S/L 241 and T/p 237.5/ 236.75/towards 233 OR sell ard 245.7-245.8 S/L 246 and T/p 243.5-242 (upside strong rally only on close above 246.5/251.25/258.5 while close below 232/214.5 bearish for medium term)


MCXARUN
9994500540

safe trade calls

GOLD

Continue to view as long Resistance of 14625 & 14675 more down side expected. for the day sell only below 14400 S/L 14450 and T/p 14375/Sustain below seen towards 14225-14150 in coming days OR sell ard 14660-670 S/L 14675 and T/p 14590-530, above 14675 avoid short sell (any time close above 14825-14975/15550/15960/16350 bullish while close below 14375/14100/13800 bearish for medium term)


SILVER


Continue to view as long Resistance of 21950 & 22200 down trend seen continue. for the day sell below 21600 S/L 21700 and T/p 21525-475/Sustain close below seen towards 21100-20900 in coming days OR sell ard 22020-30 S/L 22050 and T/p 21900-21800-21700 (any time close below 21475/20825/ 20250 bearish rally while close above 23000/24150/24725 bullish for medium term)


CRUDE

THIS WAS OUR VIEW IN REPORT Dt.1-7-2009 "Still Broad Range seen between 3510 & 3310 break will decide fresh direction" & SEE PRICE BREAK 3310 SAME DAY & SEE YESTERDAY LOW=3097. Continue to view as long Resistance of 3165/3200 & 3245 down trend seen continue. for the day sell below 3090 S/L 3110 and T/p 3070-3050 atleast/towards 2985 in coming days OR 3180-85 S/L 3190 and T/p 3165-3150 (now crude need to close above 3510 for bullish rally while close below 3095/2900/2800/2600 bearish for medium term)


COPPER

Still as long Resistance of 244 & 246.5 more down side expected. for the day sell below 241.5 S/L 243 and T/p 239.5/ 237.5/236.75/towards 233 OR sell ard 246.1-246.3 S/L 246.5 and T/p 245-243.5 (upside strong rally only on close above 251.25/258.5 while close below 232/214.5 bearish for medium term)


MCXARUN
9994500540

Crude Intraday Outlook

U.S. crude oil futures ended lower for the fourth day in a row on Monday as economic concerns reflected in dismal jobs data, tepid demand and rising fuel inventories pressured the oil markets. Last week, the Labor Department said U.S. employers cut 467,000 jobs in June, while the unemployment rate rose to 9.5 percent, the highest level since August 1983.

The Institute for Supply Management's services index rose to 47.0 last month from 44.0 in May, above economists' forecast.

But at the same time, Nigerian militants said they sabotaged a Chevron oil facility and seized a chemical tanker and six crew members. The Movement for the Emancipation of the Niger Delta said it attacked Chevron's facility on Sunday; hours after it sabotaged a Royal Dutch Shell operated oil well.

In a report, several U.S. buyers of Saudi crude told Reuters on Monday that Saudi Arabia plans to keep oil shipments to the U.S. unchanged in August.

In the last week, Oil dropped below $66.5 a barrel as unemployment data hardened views economic weakness would sap energy demand. In the latest sign the economy of the world's top consumer was still struggling, data on Thursday showed U.S. employers cut 467,000 jobs in June and the jobless rate rose to a 26-year high. Euro zone unemployment climbed to a 10-year high.

Report from JP Morgan on Friday also affected the oil prices .According to the report it expected oil prices to correct to about $60 a barrel or lower.

Weekly outlook (DWTI: July)

Supports are $ 64.95, $59.53and $56.12. Resistances are $70.60, $72.94 and $74.01.

DWTI (July) traded in the range $65.31-63.41 and closed at $64.05

TECHNICAL OUTLOOK (Intra-day)

DGCX Crude (July) - Bullish above $ 64.80 Bearish below $64.00



MCXARUN
9994500540

Gold Intraday Outlook

U.S. gold futures fell toward $920 an ounce yesterday as tumbling crude oil prices reinforced the view that inflation was nowhere imminent, weighing on bullion's appeal as a store of value.

U.S. crude oil futures ended lower for the fourth day in a row on Monday as economic concerns reflected in dismal jobs data, tepid demand and rising fuel inventories pressured the oil markets. Oil prices fell to a five-week low around $64 a barrel on doubts over a prompt recovery of the global economy, hurting gold's inflation hedge appeal.

India's gold imports in June were likely around 8 to 10 tonnes, down from 24 tonnes the same month a year ago - Bombay Bullion Association.

The Bombay Bullion Association said demand for gold and silver from India, the world's biggest bullion consumer, is likely to be pressured further this year by an increase in import duty in the budget for 2009/10. India's doubling of import duty on gold and silver is likely to encourage recycling of the metals locally in what could continue to keep imports subdued for the rest of this year also affected the bullion movements .

At the same time, the world's largest gold-backed exchange-traded fund, the SPDR Gold Trust, said holdings stood at 1,120.19 tonnes as of July 6, down 0.36 tonnes or 0.03 percent from the previous business day.

Holdings in the trust, which issues securities backed by physical stocks of gold, have declined in the past few weeks as growing optimism about the global economy sapped investors' appetite for bullion as a safe-haven asset.

Weekly Outlook (DG. Aug.)

Supports are $920, 912 and 900 Resistances are 948, 965 and 986

Last day DGCX Gold Aug Traded in the range $931.40-$920.60 and closed at $ 923.90

TECHNICAL OUTLOOK (Intra-day)

GOLD (Aug) - Bullish above $ 927 bearish below $920


MCXARUN
9994500540