COMMODITY NEWS AND TRADING LEVELS FOR 26TH MARCH 2012


COPPER (APR) – 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: 428.35
SUPPORT 2: 425.85

RESISTANCE 1: 435.45
RESISTANCE 2: 438.85

CRUDE OIL (APR) – 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 19 APRIL 2012 are:

SUPPORT 1: 5355
SUPPORT 2: 5245

RESISTANCE 1: 5585
RESISTANCE 2: 5695

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: 27935
SUPPORT 2: 27810

RESISTANCE 1: 28195
RESISTANCE 2: 28275

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

SUPPORT 1: 58915
SUPPORT 2: 58810

RESISTANCE 1: 57195
RESISTANCE 2: 57275

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