COPPER (AUG) – Copper’s aug contract which is going to expire on 30 aug 2011, is expected to trade between the broad ranges of 428 to 438. Expected resistance and support level for today trade are as follows.
Resistance: R1- 435 R2- 438
Support: S1- 430 S2- 428
CRUDE OIL (JUL) – Expected resistance and support levels for the crude july contract with expiry date of 19 july 2011 are:
Resistance: R1- 4518 R2- 4406
Supports: S1- 4222 S2- 4150
GOLD(AUG)- Gold august contract which will expire on 5th aug 2011. Is expected to trade in higher side as the weak global economy is forcing the investors too invest in safer securities. Resistance and support levels for the today’s session are:
Resistance: R1- 23188 R2- 23094
Supports: S1- 22896 S2- 22792
SILVER (SEP) - Silver on 14th july seen trading on higher side, it made the high of 58632.00 before it closed at 57705.00. Expected resistance and support level for today trade are as follows.
Resistance: R1- 59696 R2- 58700
Supports: S1- 56641 S2- 55578
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