COMMODITY TRADING LEVELS
COPPER (AUG) – copper’s Aug contract which is going to expire on 30 Aug 2011, is expected to trade between the broad range of 398 to 405. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1- 403 R2- 405
SUPPORT: S1- 400 S2- 398
CRUDE OIL (Sep) – expected resistance and support levels for the crude AUG contract with expiry date of 19 Sep 2011 are:
RESISTANCE: R1-3825 R2 - 3830
SUPPORTS: S1- 3829 S2- 3800
GOLD (Oct) - gold august contract which will expire today has made the high of 28284 amid the weak global cues. Resistance and support levels for the today’s session are:
RESISTANCE: R1- 27797 R2-28000
SUPPORTS: S1-27500 S2-27159
SILVER (Sep) - silver yesterday closed at 63592 after making a high of 66051. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1-66100 R2-66859
SUPPORTS: S1-63329 S2-63159
LME DATA ON 23rd AUGUST…..
ALUMINIUM: Aluminum LME inventory data declined 5100 points and stood at 4657275.
COPPER: Copper LME inventory data was 465025 decreased by 1275 points.
NICKEL: LME inventory data of Nickel stood 103266 decreased by 96 points.
LEAD: Lead LME inventory data decreased by approx 700 points and stood at 315750.
ZINC: Zinc LME inventory data stood at 869325, 2025 less than the previous data.
TIN: TIN LME inventory data rested at 20815 declined by 685 points.
0 comments:
Post a Comment