COMMODITY NEWS & tips
GOLD AND SILVER BOTH WENT DOWN AFTER THE OPENING AFTER GLOBAL CONCERNS AND MF GLOBAL FILEING FOR BANKRUPTCY. IT WAS ALSO DUE TO PROFIT BOOKING WHERE GOLD AND SILVER GAVE A TREMENDOUS RETURN IN DIWALI.
COMMODITY TRADING LEVELS FOR 1st NOVEMBER 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 380 to 410 Expected resistance and support level for today trade are as follows.
RESISTANCE: R1- 398 R2- 408
SUPPORT: S1- 385 S2- 381
CRUDE OIL (Jul) – Expected resistance and support levels for the crude July contract with expiry date of 19 oct 2011 are:
RESISTANCE: R1-4565 R2 – 4600
SUPPORTS: S1-4470 S2 - 4435
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: R1-27650 R2-26950
SUPPORTS: S1-27150 S2-26850
SILVER (Sep) - Silver closed at 56427.00.silver traded in huge volatility. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1-56750 R2-57100
SUPPORTS: S1-56100 S2-55750
0 comments:
Post a Comment