COMMODITY NEWS AND TRADING LEVELS FOR 21st NOVEMBER 2011


COMMODITY NEWS & tips

NICE RALLY GIVEN BY MOST OF THE COMMODITY UPSIDE. THERE ARE MORE CHANCES OF PRECIOUS METALS MAKING NEW HIGHS. SHARP  PATTERN  BUILDING ON THE CHARTS WHICH CAN PULL THE METALS ON A HIGH TIDE.

CRUDE MOVING IN A RANGE BOUND CONDITION BETWEEN 5000-5150 NO HUGE MOVEMENT SEEN IN THIS OIL. IT IS EXPECTED THAT THE OIL WILL MOVE A BIT AND THAN CAN SHOW 5400 SOON.

COMMODITY TRADING LEVELS FOR 21st 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- 392 R2- 395
SUPPORT:       S1- 384 S2- 380

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 55850.silver traded in huge volatility. Expected resistance and support level for today trade are as follows.
RESISTANCE:  R1-56150 R2-56500
SUPPORTS:     S1-55450 S2-55000

0 comments:

Post a Comment