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Old 07-22-2008, 09:59 AM   #1 (permalink)
 
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Default Technical Round up on bullion and energy

Find below Trading strategy for the day (21 July'08) or two only.

Commodity Exchange Contract S2 S1 Close R1 R2 View








Gold MCX Aug' 08 13050 13140 13210 13350 13510 book profit on sell below 13475/13325/ 13190, for the day sell only below 13140 S/L 13160 and T/p towards 13050-40 where good support seen again OR buy abv 13350 S/L 13320 and T/p 13400-13460/towards 13525 (any time close above 13670 bullish while close below 13140/12750/12150/11920/11775/ 11375/11200 bearish for medium term)
Silver MCX Sep' 08 25000 25300 25434 25725 26050 for the day sell only below 25350 & 25300 S/L 25420 and T/p 25200-100/ 25000 upto 24875 OR sell ard 25820-830 S/L 25850 and T/p 25700 upto 25575 (any time close below 24725/ 23525/23075/21825 bearish rally while close above 27250/28000 bullish for medium term)
Crude Oil MCX Aug' 08 5460 5525 5532 5690 5790 PRICE TURN EXACTLY FROM OUR LEVELS ON BOTH SIDE. book profit on sell below 5725/5580, for the day sell below 5525 S/L 5550 and T/p 5465-75/ 5400 OR sell ard 5650-55 S/L 5660 and T/p 5625/5590 (now crude need to close above 6040/6360 for bullish rally while close below 5460/5155-5060 bearish for medium term)
Copper MCX / NCDEX Aug' 08 341
344 346.35 352.5
356.5
for the day sell only below 344 S/L 345.5 and T/p 341-40 OR buy only abv 352.5 S/L 351.5 and T/p 354-55/towards 358 (upside strong rally only on close above 360.5/371/387.5/398 while close below 344/331.5-330.5/326/311 bearish for medium term)
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