COMMODITY NEWS AND TRADING LEVELS FOR 13TH MARCH 2012


COPPER (FEB) – Most of the metals barring Copper are in surplus situation and with Chinese production improving that will only amplify to the already higher productivity levels. Expected resistance and support level for today trade are as follows:

SUPPORT 1: 425.35
SUPPORT 2: 423.85

RESISTANCE 1: 429.45
RESISTANCE 2: 431.85

CRUDE OIL (MAR) – Crude oil settled with minimal gains on the back of rising inventory levels and crisis in Europe lingering. Expected resistance and support levels for the crude March contract with expiry date of 20 FEB 2012 are:

SUPPORT 1: 5255
SUPPORT 2: 5145

RESISTANCE 1: 5445
RESISTANCE 2: 5535

GOLD (APR) - Resistance and support levels for the today’s session for Gold APR contract which will expire on 5th APR 2012 are:
SUPPORT 1: 27865
SUPPORT 2: 27770

RESISTANCE 1: 28065
RESISTANCE 2: 28155

SILVER (MAR) On domestic front Silver’s  Expected resistance and support levels for today trade are as follows:

SUPPORT 1: 58245
SUPPORT 2: 58765

RESISTANCE 1: 58585
RESISTANCE 2: 58975

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