COMMODITY NEWS AND TRADING LEVELS FOR 5TH 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: 402.80

SUPPORT 2: 399.35

RESISTANCE 1: 404.55

RESISTANCE 2: 406.10

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

SUPPORT 1: 5385

SUPPORT 2: 5275

RESISTANCE 1:5545

RESISTANCE2 :5615

GOLD (FEB) - Gold FEB contract which will expire on 4^th 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: 27735

SUPPORT 2: 27615

RESISTANCE 1: 27925

RESISTANCE 2: 28095

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

SUPPORT 1: 52620

SUPPORT 2: 52435

RESISTANCE 1: 53795

RESISTANCE 2: 54690

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