COMMODITY NEWS AND TRADING LEVELS FOR 5th DECEMBER 2011


COMMODITY NEWS & tips

MARKET IS MORE LIKELY TO BE POSITIVE ON MONDAY WITH GOLD IS HAVING EXPIRY ON 5TH DEC IE TODAY. METALS ARE GOOD AND CAN MOVE UPTREND AS THE EQUITY MARKETS ARE PERFORMING WEAK.


COMMODITY TRADING LEVELS FOR 5th DECEMBER 2011

COPPER (FEB) Copper’s Nov contract which is going to expire on 29 FEB 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- 411 R2- 414
SUPPORT:       S1- 404 S2- 399

CRUDE OIL (DEC) – Expected resistance and support levels for the crude July contract with expiry date of 19 DEC 2011 are:
RESISTANCE:  R1-5205 R2 – 5250
SUPPORTS:     S1-5130 S2 - 5080

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 R2-29350
SUPPORTS:     S1-28800 S2-28500

SILVER (Sep) - Silver closed at 57052.silver traded in huge volatility. Expected resistance and support level for today trade are as follows.
RESISTANCE:  R1-55500 R2-55850
SUPPORTS:     S1-54650 S2-54400

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