COMMODITY NEWS AND TRADING LEVELS FOR 16TH 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 410 to 420 Expected resistance and support level for today trade are as follows:

SUPPORT 1: 413.55
SUPPORT 2: 410.35

RESISTANCE 1: 417.55
RESISTANCE 2: 420.30

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

SUPPORT 1: 5015
SUPPORT 2: 4905

RESISTANCE 1: 5215
RESISTANCE 2: 5325

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

SUPPORT 1: 27405
SUPPORT 2: 27295

RESISTANCE 1: 27610
RESISTANCE 2: 27835

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

SUPPORT 1: 52035
SUPPORT 2: 51845

RESISTANCE 1: 52275
RESISTANCE 2: 52425


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