COMMODITY NEWS & tips
BEAR ALL ALONG THE PARK EACH AND EVERY COMMODITY WAS UNDER PRESSURE AND TREND WAS BEARISH ALMOST FOR THE WHOLE DAY BUT THAN THEY RECOVERED FROM THERE DAYS LOW AND CLOSE WELL ABOVE THE LOW
GOLD AND SILVER WERE BEARISH TOO BUT THEY CLOSED HANDSOMELY TO WHAT IS CALLED AS ALMOST A SIDEWAYS CLOSE.
COMMODITY TRADING LEVELS FOR 24th 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- 384 R2- 388
SUPPORT: S1- 375 S2- 370
CRUDE OIL (DEC) – Expected resistance and support levels for the crude July contract with expiry date of 19 DEC 2011 are:
RESISTANCE: R1-5110 R2 – 5175
SUPPORTS: S1-5040 S2 - 5000
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: R1-28950 R2-29200
SUPPORTS: S1-28500 S2-28150
SILVER (Sep) - Silver closed at 57052.silver traded in huge volatility. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1-57750 R2-58000
SUPPORTS: S1-57100 S2-56650
0 comments:
Post a Comment