COMMODITY NEWS AND TRADING LEVELS FOR 12TH JANUARY 2012


COPPER (FEB) – Copper’s Nov contract which is going to expire on 29th FEB 2012, is expected to trade between the broad ranges of 403 to 410 Expected resistance and support level for today trade are as follows:

SUPPORT 1: 405.55
SUPPORT 2: 403.35

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: 5105
SUPPORT 2: 5075

RESISTANCE 1: 5375
RESISTANCE 2: 5485


GOLD (FEB) - Gold FEB contract which will expire on 4th FEB 2012. Resistance and support levels for the today’s session are:

SUPPORT 1: 27545
SUPPORT 2: 27455

RESISTANCE 1: 27760
RESISTANCE 2: 27855

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

SUPPORT 1: 52415
SUPPORT 2: 52345

RESISTANCE 1: 52675
RESISTANCE 2: 52795

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