FREE COMMODITY TIPS AND COMMODITY TRADING LEVELS FOR 9th AUGUST 2012

COPPER (AUG): Copper fell for the first time in four sessions after weaker-than-forecast German industrial production fueled concern that Europe’s debt crisis is crimping economies and cutting metals demand. Copper futures for September delivery slid 0.6 percent to settle at $3.4215 a pound on the Comex in New York. Prices gained 4.6 percent in the previous three sessions. On the London Metal Exchange, copper for delivery in three months retreated 0.4 percent to $7,550 a metric ton ($3.43 a pound.)Expected resistance and support level for today trade are as follows.

TREND CONSOLIDATE

SUPPORT 1: 411.80

SUPPORT 2: 405.70

RESIST 1: 423.00

RESIST 2: 427.80

CRUDE OIL (AUG): Oil in New York fell for the first time in four days after a government report showed fuel demand weakened last week and on concern that the Federal Reserve won’t implement additional stimulus measures. Prices declined 0.3 percent as the Energy Department said U.S. petroleum demand decreased for the first time in four weeks. Expected resistance and support levels for the crude AUG contract are:

TREND BULLISH

SUP1: 5080

SUP2: 4987

RESIST1: 5230

RESIST2: 5310

GOLD (OCT): Gold advanced for the third time in four sessions on speculation that central banks will take steps to bolster their economies, increasing the appeal of the precious metal as a store of value. Spot gold had edged up 0.3 percent to $1,616.22 an ounce by 0324 GMT.The U.S. gold futures contract for December delivery gained 0.2 percent to $1,619.10.Resistance and support levels for the today’s session for Gold OCT contract 2012 are:

  

TREND CONSOLIDATE

SUP1: 29730

SUP2: 29590

RESIST1: 30010

RESIST2: 30150

                                   

SILVER (SEP):  Silver traded lower following global leads. Silver futures for September delivery declined less than 0.1 percent to $28.075 an ounce in New York.Silver for September delivery on the MCX was down 0.26% at Rs 53,230 per kg.Silver is Expected resistance and support levels for today trade are as follows.

TREND CONSOLIDATE

SUP1: 53010

SUP2: 52820

RESIST1: 53910

RESIST2: 54440

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FREE COMMODITY TIPS AND COMMODITY TRADING LEVELS FOR 8th AUGUST 2012

COPPER (AUG): Three-month copper on the London Metal Exchange had slipped 0.45 percent to $7,546 a ton by 0308 GMT, reversing gains from the previous session when it hit a one-week high and closed at $7,580 a ton, its loftiest finish since July 19.LME copper has gained 3.5 percent over the last three days, its biggest three-day rally in more than a month, but is still in negative territory for the year.  Expected resistance and support level for today trade are as follows.

TREND BEARISH

SUPPORT 1: 412.80

SUPPORT 2: 407.10

RESIST 1: 426.60

RESIST 2: 431.20

CRUDE OIL (AUG): Oil slid from the highest close in more than two months as investors sold contracts on speculation that recent gains were excessive amid signs of weakening demand in the U.S, the world’s biggest consumer of crude. Futures fell as much as 0.5 percent, dropping for the first time in four days. Oil’s gains stalled near the upper Bollinger Band, an indicator of technical resistance. Crude consumption declined 4 percent to 15.9 million barrels last week, the biggest percentage decrease in a month. Expected resistance and support levels for the crude AUG contract are:

TREND CONSOLIDATE

SUP1: 5040

SUP2: 4950

RESIST1: 5246

RESIST2: 5350

GOLD (OCT): Gold may drop for the first time in four days as the metal’s advance to a one-week high encourages sales and as the dollar’s strength saps demand for bullion as an alternative investment. Silver declined. Spot gold lost as much as 0.2 percent to $1,609.40 an ounce, and was at $1,611.25 at 9:41 a.m. in Singapore. The metal climbed to $1,618.40 an ounce yesterday, the highest level since Aug. 1. Resistance and support levels for the today’s session for Gold OCT contract 2012 are:

TREND CONSOLIDATE

SUP1: 29650

SUP2: 29520

RESIST1: 29920

RESIST2: 30080

                                   

SILVER (SEP): Spot silver fell as much as 0.5 percent to $28.0075 an ounce, and traded at $28.0425, dropping for the first time in four days. The dollar rose 0.2 percent versus a six-currency basket including the euro, gaining for the first time in four days, before data that may show weakness in German industrial production. Bullion tends to move inversely to the greenback. Silver is Expected resistance and support levels for today trade are as follows.

TREND CONSOLIDATE

SUP1: 53130

SUP2: 52900

RESIST1: 53610

RESIST2: 53890

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FREE COMMODITY TIPS AND COMMODITY TRADING LEVELS FOR 7th AUGUST 2012

COPPER (AUG): The fall in copper futures prices was due to a weakening trend in overseas markets. Meanwhile, for three-month copper dropped as much as 2.2 per cent to USD 7,434 a ton at the London Metal Exchange. Copper futures prices today fell by 0.20 per cent to Rs 418.80 per kg as traders reduced their positions, taking weak cues from global markets.  Expected resistance and support level for today trade are as follows.

TREND BEARISH

SUPPORT 1: 410.70

SUPPORT 2: 405.20

RESIST 1: 419.70

RESIST 2: 424.68

CRUDE OIL (AUG): Crude oil futures prices declined by 0.37 per cent to Rs 5,130 per barrel today largely in tandem with a weak trend in Asian trade on profit-booking. The fall in crude oil futures prices was mostly in line with a weakening trend in Asian trade on profit-booking after last week rally ahead of the release of Chinese trade data later this week. Meanwhile, crude oil for delivery in September fell 12 cents to USD 91.28 a barrel on the New York Mercantile Exchange. Expected resistance and support levels for the crude AUG contract are:

TREND CONSOLIDATE

SUP1: 4960

SUP2: 4850

RESIST1: 5187

RESIST2: 5264

GOLD (OCT): Spot gold inched up 60 cents to USD 1,610.99 an ounce by 0038 GMT, after two sessions of consecutive gains.US gold futures contract for December delivery edged down 0.1% to USD 1,613.90. Gold traded steady on Tuesday, striving to extend gains into a third straight session as investors expect the European Central Bank to take actions to contain the region's debt crisis. Resistance and support levels for the today’s session for Gold OCT contract 2012 are:

TREND CONSOLIDATE

SUP1: 29820

SUP2: 29730

RESIST1: 30070

RESIST2: 30210

                                   

SILVER (SEP): Holdings of the shares Silver Trust, the world's largest silver-backed exchange-traded fund, inched down to 9,742.43 tons on August 3, from 9,759.01 tones hit last week -- the highest since late June. Spot silver lost 0.1% to USD 27.83.Silver is Expected resistance and support levels for today trade are as follows.

TREND CONSOLIDATE

SUP1: 53010

SUP2: 52730

RESIST1: 53610

RESIST2: 53990

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FREE COMMODITY TIPS AND COMMODITY TRADING LEVELS FOR 6th AUGUST 2012

COPPER (AUG): London copper was little changed on Monday after a better-than-expected U.S. jobs report eased concern over growth in the world's biggest economy, and a fresh pledge by top metals consumer China to support growth also helped to support prices. Three-month copper on the London Metal Exchange was steady at $7,438 per metric ton (1.1023 tons) by 10.48 p.m. EDT, down 0.09 percent after gains of more than 1 percent in the previous session. Expected resistance and support level for today trade are as follows.

TREND BEARISH

SUPPORT 1: 407.15,

SUPPORT 2: 401.75,

RESIST 1: 417.80,

RESIST 2: 423.15,

CRUDE OIL (AUG): Crude-oil futures vaulted almost 5% to close above $91 a barrel after better-than-expected U.S. data fueled hopes that economic strengthening would lead to increased oil demand. Light, sweet crude for September delivery rose $4.27, or 4.9%, to settle at $91.40 a barrel on the New York Mercantile Exchange. The contract reached $91.74, its highest intraday price since July 20, before pulling back slightly. Brent crude on ICE Futures Europe settled up $3.04, or 2.9%, at $108.94 a barrel. Expected resistance and support levels for the crude AUG contract are:

TREND CONSOLIDATE

SUP1: 4925,

SUP2: 4851,

RESIST1: 5145,

RESIST2: 5265,

GOLD (OCT): Gold edged down 0.5% while other precious metals posted gains of 1.1% for silver and palladium and 0.4% for platinum. On Friday, gold prices for December delivery jumped $18.60, or 1.2%, to$1,609.30 an ounce. The yellow metal traded between an intraday low of $1,588.50 and a high of $1,609.90. Gold has gained 2.7% in 2012.Gold hit Wednesday and then Thursday over disappointment that the Federal Reserve and ECB failed to offer investor-desired stimulus measures after monetary policy meetings. Resistance and support levels for the today’s session for Gold OCT contract 2012 are:

TREND CONSOLIDATE

SUP1: 29810,

SUP2: 29720,

RESIST1: 30050,

RESIST2: 30200,

                                   

SILVER (SEP): Silver rebounded sharply Friday after three straight daily losses, and silver managed to cross into positive territory this week. Silver prices for September delivery rallied 80.6 cents, or 3.0%, to $27.801 an ounce. Silver ranged from $26.990 to $27.895.Silver is Expected resistance and support levels for today trade are as follows.

TREND CONSOLIDATE

SUP1: 52910,

SUP2: 52530,

RESIST1: 53770,

RESIST2: 54230,

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FREE COMMODITY TIPS AND COMMODITY TRADING LEVELS FOR 3rd AUGUST 2012

COPPER (AUG): London copper steadied on Friday but was still set for its biggest weekly loss in two months after European Central Bank inaction disappointed markets and as worries over global growth dragged on the outlook for metals. Three-month copper on the London Metal Exchange traded at $7,348 a ton by 0305 GMT, up 0.25 percent from the previous session, when it hit its lowest since June 22. Expected resistance and support level for today trade are as follows.

TREND BEARISH

SUPPORT 1: 408.70

SUPPORT 2: 404.30

RESIST 1: 415.00

RESIST 2: 420.00

CRUDE OIL (AUG):Oil futures fell in New York after European Central Bank President Mario Draghi failed to give details of a plan designed to shore up the euro by curbing rising government borrowing costs in the region. Crude for September delivery fell as much as $1.40 to $87.51 a barrel on the New York Mercantile Exchange and was at $88.76 at 9:10 p.m. local time. Expected resistance and support levels for the crude AUG contract are:

TREND CONSOLIDATE

SUP1: 4850

SUP2: 4730

RESIST1: 5040

RESIST2: 5150

GOLD (OCT): Gold rose 0.2 per cent to USD 1,602.85 an ounce in London. Gold prices rose by Rs 74 to Rs 29,681 per 10 grams in futures trade as speculators created fresh positions, tracking a firm trend in overseas markets.
At the Multi Commodity Exchange, gold for delivery in August rose by Rs 74, or 0.25 per cent to Rs 29,681 per 10 grams in business turnover of 341 lots.
Similarly, the metal for delivery in October declined by Rs 34, or 0.11 per cent, to Rs 30,048 per 10 grams in business volume of 7,633 lots. Resistance and support levels for the today’s session for Gold OCT contract 2012 are:

TREND CONSOLIDATE

SUP1: 29895

SUP2: 29735

RESIST1: 30123

RESIST2: 30280

                                   

SILVER (SEP):  Silver futures traded 2% lower Thursday, with a final bid of $26.99 per ounce. Thursday’s high for silver reached $27.78, and the low was $26.88. Silver fell Thursday amid news that Mario Draghi and the European Central Bank aren’t going to take immediate action to push growth and rejuvenate the wallowing euro zone.  Silver is Expected resistance and support levels for today trade are as follows.

TREND CONSOLIDATE

SUP1: 52760

SUP2: 52585

RESIST1: 53480

RESIST2: 53700

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