COMMODITY NEWS AND TRADING LEVELS FOR 20TH 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 385 to 404 Expected resistance and support level for today trade are as follows.

SUPPORT 1: 385
SUPPORT 2: 379

RESISTANCE 1: 396
RESISTANCE 2: 404

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

SUPPORT 1: 4976
SUPPORT 2: 4883

RESISTANCE 1: 5098
RESISTANCE 2: 5285

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: 27435
SUPPORT 2: 26095

RESISTANCE 1: 27825
RESISTANCE  2: 28245

SILVER (Sep) - Silver closed at 56578.silver is trading under consolidation. Expected resistance and support level for today trade are as follows:

SUPPORT 1: 52040
SUPPORT 2: 51220

RESISTANCE 1: 53995
RESISTANCE 2: 54800

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