Technical outlook for the day : 22 july 11



COPPER (aug) Copper’s aug contract which is going to expire on 30 aug 2011, is expected to trade between the broad ranges of427 to 439. expected resistance and support level for today trade are as follows.

RESISTANCE:    R1-435  R2-439
SUPPORT:       S1- 430 S2- 427 


CRUDE OIL (jul) – expected resistance and support levels for the crude july contract with expiry date of 19 july 2011 are:

 RESISTANCE:  R1-4490    R2 - 4535
 SUPPORT:      S1- 4372    S2- 4299 
 

GOLD (aug) -   gold august contract which will expire on 5th aug 2011.gold fallen down badly as it was trading in the final leg of the rally strngthning dollar resisted the rise. resistance and support levels for the today’s session are:

RESISTANCE:  R123086    R2-23280
SUPPORT:      S1- 22780  S2-22668


SILVER (sep)-   silver on 20th  july closed at 58075.silver traded in positive mood but with less intensity. expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-59415   R2-60755
SUPPORT:      S1-57255    S2-56435


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