COMMODITY NEWS AND TRADING LEVELS FOR 21ST 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 386 to 404 Expected resistance and support level for today trade are as follows:

SUPPORT 1: 391
SUPPORT 2: 386

RESISTANCE 1: 398
RESISTANCE 2: 404

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

SUPPORT 1: 5086
SUPPORT 2: 4983

RESISTANCE 1: 5285
RESISTANCE 2: 5385

GOLD (FEB) - Gold FEB contract which will expire on 4th FEB 2012.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: 26995

RESISTANCE 1: 27915
RESISTANCE 2: 28145

SILVER (MAR) – Silver is Expected resistance and support level for today trade are as follows:

SUPPORT 1: 52940
SUPPORT 2: 51820

RESISTANCE 1: 53995
RESISTANCE 2: 54800

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