COMMODITY NEWS AND TRADING LEVELS FOR 3RD APRIL 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: 437.35

SUPPORT 2: 435.85

RESISTANCE 1: 442.75

RESISTANCE 2: 445.15

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: 5255

SUPPORT 2: 5170

RESISTANCE 1: 5415

RESISTANCE 2: 5495

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

SUPPORT 1: 27725

SUPPORT 2: 27610

RESISTANCE 1: 27985

RESISTANCE 2: 28095

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

SUPPORT 1: 57525

SUPPORT 2: 57410

RESISTANCE 1: 57795

RESISTANC 2: 57915

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