COPPER (AUG) – copper’s Aug contract which is going to expire on 30 Nov 2011, is expected to trade between the broad ranges of 405 to 425. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1- 423 R2- 425
SUPPORT: S1- 408 S2- 405
CRUDE OIL (jul) – expected resistance and support levels for the crude July contract with expiry date of 19 Sept 2011 are:
RESISTANCE: R1-4400 R2 - 4450
SUPPORTS: S1- 4143 S2- 4103
GOLD (aug) - gold august contract which will expire on 5th Oct 2011.gold is deviating as the US debt default concern made the investors cautious. Resistance and support levels for the today’s session are:
RESISTANCE: R1-28500 R2-28998
SUPPORTS: S1-27205 S2-27005
SILVER (Sep) - silver closed at 65568.silver traded in positive mood but with less intensity. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1-65600 R2-65989
SUPPORTS: S1-63100 S2-62513
LME INVENTORIES DATA OF 13th SEPTEMBER 2011….
ALUMINIUM: Aluminum LME inventory data increased by 7600 points and stood at 4601225.
COPPER: Copper LME inventory data was 466000 increased by 875 points.
NICKEL: LME inventory data of Nickel stood 99048 decreased by 192 points.
LEAD: Lead LME inventory data increased by approx 4625 points and stood at 323775.
ZINC: Zinc LME inventory data stood at 840200, 1700 less than the previous data.
TIN: TIN LME inventory data rested at 21465 decreased by 145 points.
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