COMMODITY NEWS & tips
GOLD AS USUAL WAS VERY STRONG AMONG ALL THE METALS GOLD GAVE A POWERFUL RUN AND CLOSED HIGH. SILVER TOO GAVE A POSITIVE RALLY WITH A HOPE THAT IT CAN SHOW 60000 LEVELS AGAIN.
CRUDE TOO WAS STRONG AND GAVE A GOOD RALLY UPWARDS AND CLOSED POSITIVE IT SHOWED A STRONG SUPPORT OF 4920 WHICH IS THE CRUCIAL LEVEL
COMMODITY TRADING LEVELS FOR 16th 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 400 Expected resistance and support level for today trade are as follows.
RESISTANCE: R1- 396 R2- 400
SUPPORT: S1- 389 S2- 385
CRUDE OIL (Jul) – Expected resistance and support levels for the crude July contract with expiry date of 17 nov 2011 are:
RESISTANCE: R1-5060 R2 – 5100
SUPPORTS: S1-4990 S2 - 4950
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: R1-29325 R2-29550
SUPPORTS: S1-28850 S2-28500
SILVER (Sep) - Silver closed at 57985.silver traded in huge volatility. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1-58200 R2-58500
SUPPORTS: S1-57750 S2-57350
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