COMMODITY NEWS & tips
GOLD AND SILVER CHEERED AGAIN AFTER A HEAVY SWING HERE. THERE WAS A PANIC AMONG THE TRADERS AND INVESTORS AND THERE WAS A SHORT POSITION ON HIGHER SIDE BUT BOTH THESE METALS OUT PERFORMED AND RIDE ON BULL.
CRUDE TOO WAS ON HIGHER SIDE AND GAVE A VERY BULLISH TREND AND AT LAST SETTELED AT 4665. IT MADE A DAY HIGH OF 4685 AND DAY LOW OF 4620.
COMMODITY TRADING LEVELS FOR 8th 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- 395 R2- 399
SUPPORT: S1- 383 S2- 379
CRUDE OIL (Jul) – Expected resistance and support levels for the crude July contract with expiry date of 17 nov 2011 are:
RESISTANCE: R1-4690 R2 – 4720
SUPPORTS: S1-4635 S2 - 4600
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: R1-28550 R2-28800
SUPPORTS: S1-27950 S2-27650
SILVER (Sep) - Silver closed at 57174.00.silver traded in huge volatility. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1-57500 R2-57950
SUPPORTS: S1-56850 S2-56500
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