COMMODITY NEWS & tips
Gold dominated the commodity along with crude today. It was there day Gold crossed 29000 mark which was very crucial achievement and is the all time high for gold. Crude too moved high and once made a high of 4897. It was the data which rallied the crude.
Silver was also on a high run but at last fail to hold and fell down and closed in red. Whole day silver gave up and down trend and gave many a chance for the traders to trade and book profit.
COMMODITY TRADING LEVELS FOR 10th 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: R1-4900 R2 – 4945
SUPPORTS: S1-4790 S2 - 4750
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: R1-29200 R2-29450
SUPPORTS: S1-28675 S2-28400
SILVER (Sep) - Silver closed at 58085.00.silver traded in huge volatility. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1-58100 R2-58550
SUPPORTS: S1-57100 S2-56650
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