COPPER (AUG) – copper’s Aug contract which is going to expire on 30 Aug 2011, is expected to trade between the broad ranges of 433 to 441. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1- 438 R2- 441
SUPPORT: S1- 436 S2- 433
CRUDE OIL (jul) – expected resistance and support levels for the crude July contract with expiry date of 19 July 2011 are:
RESISTANCE: R1-4254 R2 - 4286
SUPPORTS: S1- 4222 S2- 4190
GOLD (aug) - gold august contract which will expire on 5th aug 2011.gold is expected to make a further weak move as the cloud over the us economy almost deteriorated. Resistance and support levels for the today’s session are:
RESISTANCE: R1- 23212 R2-23404
SUPPORTS: S1- 23139 S2-23966
SILVER (Sep) - silver on 30th july closed at 58333.silver traded in positive mood but with less intensity. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1-59077 R2-59411
SUPPORTS: S1-58743 S2-58411
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