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- 420 R2- 430
SUPPORT: S1- 398 S2- 345
CRUDE OIL (OCT) – expected resistance and support levels for the crude July contract with expiry date of 19 oct 2011 are:
RESISTANCE: R1-4350 R2 - 4410
SUPPORTS: S1- 4097 S2- 4050
GOLD (OCT) - 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: R1-28600 R2-28998
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: R1-65500 R2-66000
SUPPORTS: S1-62850 S2-62300
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