COPPER (FEB) – Copper contract is going to expire on 29th FEB 2012, is expected to trade between the broad ranges of 417 to 429 Expected resistance and support level for today trade are as follows:
SUPPORT 1: 421.55
SUPPORT 2: 417.65
RESISTANCE 1: 427.55
RESISTANCE 2: 429.45
CRUDE OIL (JAN) – Expected resistance and support levels for the crude Dec contract with expiry date of 19 JAN 2012 are:
SUPPORT 1: 4945
SUPPORT 2: 4815
RESISTANCE 1: 5135
RESISTANCE 2: 5225
GOLD (FEB) - A moderation in global futures lead to a hurried sell off in the indian Gold market. Prices tested low of Rs. 27308. Resistance and support levels for the today’s session for Gold FEB contract which will expire on 4th FEB 2012 are:
SUPPORT 1: 27335
SUPPORT 2: 27225
RESISTANCE 1: 27445
RESISTANCE 2: 27555
SILVER (MAR) – Bullish undertone in global bullion prices and plenty of buying support and gains in global equities as helping push the white metal up after the IMF said on wednesday that it would seek up to $US500 billion in new funds to alleviate the European debt crisis threatening the global economy. Silver is Expected resistance and support level for today trade are as follows:
SUPPORT 1: 52280
SUPPORT 2: 51965
RESISTANCE 1: 53495
RESISTANCE 2: 52575
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