COMMODITY NEWS AND TRADING LEVELS FOR 28th NOVEMBER 2011


COMMODITY NEWS & tips

HOPE FOR A POSITIVE RALLY TODAY WE CAN SEE A GOOD MOVE IN ALL THE METALS ESPECIALLY PRECIOUS METALS. GOLD AND SILVER CAN OUT PERFORM IN THE MARKET. WE CAN SEE THE LEVELS OF 28750 IN THE NEAR FUTURE AND IF THAT LEVELS BREAKS IN GOLD WE CAN SEE GOLD TOUCHING 29000 SOON.

COMMODITY TRADING LEVELS FOR 28th 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 370 to 390 Expected resistance and support level for today trade are as follows.
RESISTANCE:  R1- 382 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:  R1-28750 R2-29200
SUPPORTS:     S1-28150 S2-28000

SILVER (Sep) - Silver closed at 57052.silver traded in huge volatility. Expected resistance and support level for today trade are as follows.
RESISTANCE:  R1-54800 R2-55500
SUPPORTS:     S1-54000 S2-54900

0 comments:

Post a Comment