COPPER (FEB) – Copper contract is going to expire on 29th FEB 2012, is expected to trade between the broad ranges of 415 to 422 Expected resistance and support level for today trade are as follows:
SUPPORT 1: 416.55
SUPPORT 2: 415.65
RESISTANCE 1: 420.55
RESISTANCE 2: 422.45
CRUDE OIL (FEB) – Expected resistance and support levels for the crude Dec contract with expiry date of 20 FEB 2012 are:
SUPPORT 1: 4875
SUPPORT 2: 4785
RESISTANCE 1: 5055
RESISTANCE 2: 5135
GOLD (FEB) - A moderation in global futures lead to a hurried sell off in the indian Gold market. Resistance and support levels for the today’s session for Gold FEB contract which will expire on 4th FEB 2012 are:
SUPPORT 1: 27375
SUPPORT 2: 27265
RESISTANCE 1: 27575
RESISTANCE 2: 27685
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. Silver is Expected resistance and support level for today trade are as follows:
SUPPORT 1: 53580
SUPPORT 2: 52465
RESISTANCE 1: 56495
RESISTANCE 2: 57375
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