COMMODITY NEWS AND TRADING LEVELS FOR 13TH 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 397 to 421 Expected resistance and support level for today trade are as follows.
RESISTANCE:  R1- 415 R2- 421
SUPPORT:       S1- 403 S2- 397

CRUDE OIL (DEC) – Expected resistance and support levels for the crude Dec contract with expiry date of 19 DEC 2011 are:
RESISTANCE:  R1-5299 R2 – 5345
SUPPORTS:     S1-5165 S2 - 5080

GOLD (FEB) - Gold FEB contract which will expire on 4th FEB 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:  R1-29085 R2-29235
SUPPORTS:     S1-28610 S2-28365

SILVER (Sep) - Silver closed at 56143.silver is trading under consolidation. Expected resistance and support level for today trade are as follows.
RESISTANCE:  R1-56645 R2-57395
SUPPORTS:     S1-55650 S2-54835

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