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- 417 R2- 422
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: R1-4350 R2 - 4410
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: S1-27800 S2- 27550
SILVER (Sep) - silver closed at 64785.silver traded in positive mood but with less intensity. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1-65200 R2-65750
SUPPORTS: S1-64150 S2-63800
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