COMMODITY TRADING LEVELS FOR 19th 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- 417 R2- 422

SUPPORT:       S1- 409 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:  R1-28100   R2-28500

SUPPORTS:     S1-27450   S2-27300

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:  R1-64740 R2-65040

SUPPORTS:     S1-64100 S2-63700