COPPER (FEB) – Copper is likely to trade with negative bias during the morning session.Expected resistance and support level for today trade are as follows:
SUPPORT 1: 431.25
SUPPORT 2: 428.65
RESISTANCE 1: 435.45
RESISTANCE 2: 437.85
CRUDE OIL (FEB) – On the week, oil declined 2.8%, snapping a three-week string of gains that included a 6% advance the previous week. The commodity started positively today but dropped after hitting a high of $107.29 per barrel. The counter quotes at $106.09, down 61 cents on the day. Expected resistance and support levels for the crude Dec contract with expiry date of 20 FEB 2012 are:
SUPPORT 1: 5285
SUPPORT 2: 5165
RESISTANCE 1: 5395
RESISTANCE 2: 5475
GOLD (APR) - Gold stumbled under $1700 per ounce in early London trades, reversing its initial gains as the US dollar strode higher for a fourth consecutive session against the Euro and exerted a negative influence on the yellow metal. The commodity had tumbled sharply in floor trades on Friday evenings and looked shaky as highs near $1720 per ounce proved unsustainable. Resistance and support levels for the today’s session for Gold FEB contract which will expire on 5th APR 2012 are:
SUPPORT 1: 27865
SUPPORT 2: 27785
RESISTANCE 1: 28025
RESISTANCE 2: 28135
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 levels for today trade are as follows:
SUPPORT 1: 57945
SUPPORT 2: 57850
RESISTANCE 1: 58185
RESISTANCE 2: 58275
Click Here For Commodity Tips
0 comments:
Post a Comment