COMMODITY NEWS & tips
Gold silver 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.
Crude oil came out to be a winner at the end of the day with good positive closing. It gave a good ride and closed well above 4300 mark.
COMMODITY TRADING LEVELS FOR 19th 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 380 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: R1-4370 R2 – 4400
SUPPORTS: S1-4320 S2 - 4290
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: R1-26700 R2-26950
SUPPORTS: S1-26350 S2-26100
SILVER (Sep) - Silver closed at 52769.silver traded in huge volatility. 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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