COMMODITY NEWS & tips
PANIC DAY GOLD AND SILVER BOTH MOVED IN SPIKES AND GAVE A VERY BEARISH CLOSE SILVER MOVED VERY FAST DOWNWARDS AND GAVE A VERY BEARISH CLOSE THE MOVEMENT WAS UNCERTAIN AND IT REGAINED ITS POSITION MANY A TIMES THROUGH OUT THE DAY.
CRUDE ALSO WAS VOLATILE AND GAVE BEARISH CLOSE AT LAST .TRADERS BOOKED HUGE PROFIT AND WERE HAPPY THAT COMMODITY WAS VOLATILE AFTER VERY SLOW MOVEMENTS IN 2 DAYS.
COMMODITY TRADING LEVELS FOR 18th 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- 386 R2- 390
SUPPORT: S1- 377 S2- 372
CRUDE OIL (DEC) – Expected resistance and support levels for the crude July contract with expiry date of 19 DEC 2011 are:
RESISTANCE: R1-5075 R2 – 5120
SUPPORTS: S1-4990 S2 - 4965
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: R1-28750 R2-29000
SUPPORTS: S1-27150 S2-26950
SILVER (Sep) - Silver closed at 54057.silver traded in huge volatility. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1-54600 R2-55100
SUPPORTS: S1-53750 S2-53200
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