COMMODITY NEWS AND TRADING LEVELS FOR 27TH DECEMBER 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 401 to 412. Expected resistance and support level for today trade are as follows:


SUPPORT 1: 401.35
SUPPORT 2: 405.10

RESISTANCE 1: 409.15
RESISTANCE 2: 412.20

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

SUPPORT 1: 5190
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: 27635
SUPPORT 2: 27495

RESISTANCE 1: 27815
RESISTANCE 2: 27995

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

SUPPORT 1: 52440
SUPPORT 2: 51920

RESISTANCE 1: 53695
RESISTANCE 2: 54290

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