COMMODITY NEWS AND TRADING LEVELS FOR 17TH APRIL 2012

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COPPER (APR) – Expected resistance and support level for today trade are as follows:

SUPPORT 1: 410.35

SUPPORT 2: 406.85

RESISTANCE 1: 418.75

RESISTANCE 2: 422.15

CRUDE OIL (APR) – Crude Oil prices have been rising for several months amid an EU states' boycott of oil supplies from Iran. Oil traders are also concerned about the possibility of a future war with Iran as well as wider political instability in the Middle East, including the crisis in Syria. Expected resistance and support levels for the crude APR contract with expiry date of 19 APRIL 2012 are:

SUPPORT 1: 5235

SUPPORT 2: 5095

RESISTANCE  1: 5415

RESISTANCE 2: 5515

GOLD (JUNE) - Gold’s ability to edge higher at the start of the week is impressive considering the lack of retail jewelry demand in India due to a protest by jewelers. Resistance and support levels for the today’s session for Gold JUNE contract which will expire on JUNE 2012 are:

SUPPORT 1: 28425

SUPPORT 2: 28310

RESISTANCE 1: 28685

RESISTANCE 2: 28765

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

SUPPORT 1: 55825

SUPPORT 2: 55710

RESISTANCE 1: 55025

RESISTANCE 2: 56135

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