COMMODITY CALLS ON MAY 12, 2010 (WEDNESDAY)

THOUGHT FOR THE DAY

" An inventor fails 999 times, and if he succeeds once, he's in. He treats his failures simply as practice shots.Good Morning."

1. (10:35) : ALERT - CRUDE OIL is in trading range of 3530-3418 from past few days.Breaking of the above levels will give a confirmed move.
2. (10:23) : Sell COPPER between 316.50 - 317,stoploss - 318.30,target - 313.70.Risky player can sell at CMP - 315.70.
3. (10:31) : Buy SILVER between 29600 - 29650,target - 29800/29850,stoploss - 29460.Risky players can buy at CMP - 29695.
4. (10:50) : Sell LEAD on rise till 90.80,stoploss - 91.50,target - 89.30/88.50.
5. (12:04) : ALERT - Exit COPPER and LEAD at your cost price and wait for fresh call.
6. (12:37) : ALERT - stoploss triggred in silver at 29460.
7. (01:35) : ALERT-CRUDE OIL can touch the levels of 3480 and above,so buy on dips is recommended,Stoploss - 3435.
8. (01:54) : Buy NICKEL between 1020-1025,stoploss - 1005,target - 1040/1055.Risky traders can buy at CMP - 1027.
9. (01:57) : Buy COPPER between 318-319,stoploss - 315,target - 322.50/323.50.Risky traders buy 1 lot at CMP - 320.50.
10. (03:45) : ALERT- First target completed in COPPER at 322.50.It made a recent high of 322.65.
11. (04:51) : ALERT - All targets completed in copper at 323.50.Call initiated at 320.50.
12. (05:01) : ALERT - We recommended to buy CRUDE OIL on dips.It made a low of 3437 and now its trading at 3468.Conservative players can book profit.
13. (05:02) : ALERT - NICKEL first target completed at 1040.Call initiated at 1027.
14. (06:43) : CRUDE OIL INVENTORY ALERT - Forecasted - PLUS 1.0 MB,Previous - PLUS 2.8 MB,Actual to be released at 8 P.M.
15. (08:12) : CRUDE OIL INVENTORY UPDATE: Actual inventories - PLUS 1.9MB,Previous - 2.8MB, forcasted - 1.0MB.