COMMODITY TRADING LEVELS FOR 22ndAugust 2011


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- 3800 S2- 3759
  

GOLD (Oct) - gold august contract which will expire today has made the high of 27989 amid the weak global cues. Resistance and support levels for the today’s session are:

RESISTANCE:  R1- 28495   R2-29000
SUPPORTS:     S1-27590 S2-27500

SILVER (Sep) -   silver yesterday closed at 66261 after making a high of 66490. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-66500 R2-66859
SUPPORTS:     S1-64329   S2-63989

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