COMMODITY MARKET ANALYSIS FOR 26th August 2011

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 399 to 436. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1- 425 R2- 436

SUPPORT:       S1- 404 S2- 399

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

 RESISTANCE:  R1-4000   R2 - 4012

 SUPPORTS:     S1- 3849 S2- 3800      

  

GOLD (Oct) - gold august contract which will expire today has made the high of 27612 amid the weak global cues. Resistance and support levels for the today’s session are:

RESISTANCE:  R1- 27700 R2-27800

SUPPORTS:     S1-25440 S2-24234

SILVER (Sep) -   silver yesterday closed at 61951 after making a high of 63840. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-64232 R2-65859

SUPPORTS:     S1-58638   S2-57512