COMMODITY NEWS & tips
HEAVY GAINS IN SILVER AND GOLD both made a huge rally upsetting records of many days. Gold made a day high of 28825 as expected as there was a strong resistance at 28675.
CRUDE TOO WAS ON HIGHER SIDE AND GAVE A VERY BULLISH TREND AND AT LAST SETTELED AT 4738.
COMMODITY TRADING LEVELS FOR 9th 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: R1-4775 R2 – 4810
SUPPORTS: S1-4690 S2 - 4645
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: R1-28950 R2-29200
SUPPORTS: S1-28540 S2-28200
SILVER (Sep) - Silver closed at 58085.00.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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