COMMODITY NEWS AND TRADING LEVELS FOR 16TH 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 398 to 984 Expected resistance and support level for today trade are as follows.

SUPPORT 1: 386
SUPPORT 2:384

RESIST 1:395
RESIST 2: 398

CRUDE OIL (DEC) – Expected resistance and support levels for the crude Dec contract with expiry date of 19 DEC 2011 are:

SUPPORT 1: 4965
SUPPORT 2: 4905

RESIST 1: 5095
RESIST 2: 5165

GOLD (FEB) - Gold FEB contract which will expire on 4th FEB 2011.gold gave a bearish run as the US debt default concern made the investors cautious. Resistance and support levels for the today’s session are:

SUPPORT 1: 27275
SUPPORT 2: 26900

RESIST 1: 27335
RESIST 2: 28025

SILVER (Sep) - Silver closed at 53604.silver is trading under consolidation. Expected resistance and support level for today trade are as follows.

SUPPORT 1: 53015
SUPPORT 2: 52535

RESISTANCE 1: 54100
RESISTANCE 2: 55605

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