Commodity calls on Jan 8, 2010 (Friday)

1. INFORMATION - Metals would be under pressure TODAY because of DOLLAR open strong. So SELL on RIDE would be RIGHT STEP to do.
2. (10.02) COPPER closes below 347 yesterday and TODAY open at 345. Call given yesterday to sell below 347 our TGT was 340.90. Those who left can sell on rise.
3. CRUDE OIL is under pressure so it's advisable to take small risk and sell between 3790 - 3800. STOPLOSS 3812. Risky players sell at CMP - 3775. TGT in next MSG
4. INTRADAY LEVELS - SILVER SUPPORTS are at 27609 / 27531. RESISTANCE is at 27843 / 27913.
5. (6.42) GOLD SUPPORTS are 113.10 / 1106.80 on a DOWNSIDE. REISTANCE is at 1127.5. INTRADAY TREND is DOWN. CMP - 1122
6. SUPPORT AND RESISTANCE MSG - NICKEL RESISTANCE is at 862 and SUPPORT is at 811. CMP - 835
7. VIEW - ALUMINIUM is LOOKING WEAK in COMING DAYS. RESISTANCE between 106 - 107. SUPPORTS are 101.20 / 99.70.
8. (7.04) CRUDE OIL TGT are 3755 / 3742 / 3724.
9. Jobless report shows continuous deterioration in the labor sector, while Unemployment remains unchanged. DATA is GOOD for BULLION.
10. (7.41) Second TGT complets in CRUDE OIL at 3742. Sell call was initated at 3775.
11. (10.20)Each BASE METAL are DOWN 1 to 2 percent as we said in morning that SELL on RISE in METAL would be a RIGHT THING to do. ENJOY PROFITs


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