COMMODITY NEWS & tips
Gold silver and crude oil put the investors down under. All of them swing downward but gold comparatively showed some resistance and a minute change is seen in the prices. Silver broke as usual which was once looking very solid.
COMMODITY TRADING LEVELS FOR 18th OCTOBER 2011
COPPER (Nov) – Copper’s Nov contract which is going to expire on 30 Nov 2011, is expected to trade between the broad ranges of 350 to 370 Expected resistance and support level for today trade are as follows.
RESISTANCE: R1- 375 R2- 378.50
SUPPORT: S1- 364.50 S2- 360
CRUDE OIL (Jul) – Expected resistance and support levels for the crude July contract with expiry date of 19 oct 2011 are:
RESISTANCE: R1-4290 R2 – 4325
SUPPORTS: S1-4230 S2 - 4210
GOLD (dec) - Gold august contract which will expire on 5th Dec 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: R1-26950 R2-27150
SUPPORTS: S1-26700 S2-26350
SILVER (Sep) - Silver closed at 52769.silver traded in bullish mood with heavy intensity. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1-53500 R2-53950
SUPPORTS: S1-52500 S2-52150
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