Review: Intra day Prediction for commodities,Gold, Silver oil -prediction for Sept 22,2009

Profit and loss on intra day commodity calls.for charts see http://www.mcxindia.com/. summary only 2/5 calls were correct

1. crude oil : Total loss at 5 pm was rs 2500 + rs 500

2. Copper profit at rs 10000 and rs 6000(lot size is 2mt)=rs 16000

3. aluminium: profit on one lot Rs 800

4. Gold : loss on one lot rs 4000

5. silver: after buy call silver wentinto proft of rs 3000 but ended with loss of rs 1200 by 5pm For both gold and silver buying would have been the right call

Prediction as posted below-see updates and correction in previous posts.

1. Crude oil: Sell now at 3395 and 3415

2. Copper: Buy at Rs 302 now and 300

3. Aluminium : Buy now at 89.70 and 88.5

For both silver and gold there may be lateafternoon correction after possible rise. hence wait till afternoon though selling levels are indicated

4. sell gold futures at rs 15800 and 15840 ( now 15776)

5. sel silver futures at sr 27500 and 27600 now at rs 27400

.Risk/responsibility lies with those using these predictions.