COMMODITY NEWS AND TRADING LEVELS FOR 23RDECEMBER 2011


COPPER (FEB) – Copper’s Nov contract which is going to expire on 29th FEB 2011, is expected to trade between the broad ranges of 389 to 406 Expected resistance and support level for today trade are as follows:

SUPPORT 1: 398
SUPPORT 2: 395

RESIST 1: 403
RESIST 2: 406

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

SUPPORT 1: 5185
SUPPORT 2: 5085

RESISTANCE 1: 5295
RESISTANCE 2: 5375

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: 27815
RESISTANCE 2: 27995

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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