COMMODITY NEWS AND TRADING LEVELS FOR 3RD JANUARY 2012


COPPER (FEB) – Copper’s Nov contract which is going to expire on 29 FEB 2012, is expected to trade between the broad ranges of 396 to 411 Expected resistance and support level for today trade are as follows:

SUPPORT 1: 405.35
SUPPORT 2: 403.30

RESISTANCE 1: 408.55
RESISTANCE 2: 410.10

CRUDE OIL (JAN) – Expected resistance and support levels for the crude Dec contract with expiry date of 19 JAN 2012 are:

SUPPORT 1: 5220
SUPPORT 2: 5135

RESISTANCE 1: 5415
RESISTANCE 2: 5525

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: 27135
SUPPORT 2: 26865

RESISTANCE 1: 27615
RESISTANCE 2: 27895

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

SUPPORT 1: 50520
SUPPORT 2: 49920

RESISTANCE 1: 51995
RESISTANCE 2: 52590

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