COMMODITY TRADING LEVELS FOR 16th September 2011


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- 425 R2- 430
SUPPORT:       S1- 412 S2- 407

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 devia
RESISTANCE:  R1-28300   R2-28698
SUPPORTS:     S1-27252   S2-26553

SILVER (Sep) -   silver closed at 63257.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:     S1-63150 S2-62500

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