COMMODITY CALLS ON MAY 10, 2010 (MONDAY)

THOUGHT FOR THE DAY

"You Only Live Once – But If You Work It Right,Once Is Enough.Team Profit king wishes you a great day ahead."

1. (10:18) : Buy NICKEL between 1035-1040,stoploss - 1020,target - 1060/1075.
2. (11:10) : Buy COPPER between 319-319.50,stoploss - 317.50,target - 323.20.
3. (11:33) : GOLD can see some more downside till the level of 17560/17460,So sell on rise would be the strategy with a stoploss of 17720.
4. (12:23) : Buy CRUDE OIL between 3485-3490,stoploss - 3463,Target - 3520/3535.Risky players can buy 1 lot at CMP - 3497.
5. (12:40) : ALERT - GOLD made a low of 17540, our first target achived of 17560.
6. (01:02) : ALERT - Traders can book partial profit in COPPER at 322.
7. (01:03) : ALERT - Traders can book Partial profit in COPPER at 322.Our final target is of 323.
8. (01:07) : ALERT - First target completed in NICKEL at 1060.It madea recent high of 1061.20.
9. (01:25) : ALERT - All targets completed in GOLD at 17460.We suggested sell on rise in the morning.CMP - 17435.
10. (01:44) : ALERT - CRUDE OIL first target completed at 3520.Call initiated in the range of 3485-3490.CMP - 3522.
11. (01:58) : ALERT - All Targets completed in COPPER at 323.Traders who have initiated buying position can book profits.
12. (05:44) : ALERT - If CRUDE OIL starts trading above the levels of 3525-3530 and holds the above levels,then it could see the levels of 3550,Stoploss - 3510.