COMMODITY NEWS & tips
GOLD MOVED LIKE CARDS CRUMBLING IN AIR IT SHOWED A VERY STEEP TREND DOWNWARDS AND AGAIN REGAINED ITS POSITION BACK TO THE MARK. GOLD GAVE HUGE OPPORTUNITY FOR TRADERS TO EARN MONEY.
CRUDE GAVE A RUN OF ITS LIFE AND ALMOST TOUCHED THE LEVEL OF 5200. HUGE BUYING STILL EXPECTED IN CRUDE AND HOPE IT CAN TOUCH THE LEVELS OF 5400 SOON.
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 17th 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: R1-5190 R2 – 5230
SUPPORTS: S1-5110 S2 - 5065
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 R2-29425
SUPPORTS: S1-28850 S2-28500
SILVER (Sep) - Silver closed at 57157.silver traded in huge volatility. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1-57750 R2-58000
SUPPORTS: S1-56950 S2-56700
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