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: 432.75
RESISTANCE 2: 435.15
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: 28025
SUPPORT 2: 27950
RESISTANCE 1: 28265
RESISTANCE 2: 28395
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: 56465
SUPPORT 2: 56310
RESISTANCE 1: 56695
RESISTANCE 2: 56775
SILVER (MAY) – On domestic front Silver’s Expected resistance and support levels for today trade are as follows:
SUPPORT 1: 895.65
SUPPORT 2: 892.25
RESISTANCE 1: 903.55
RESISTANCE 2: 908.85
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