COPPER (AUG) – copper’s Aug contract which is going to expire on 30 Aug 2011, is expected to trade between the broad ranges of 428 to 437. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1- 436 R2- 437
SUPPORT: S1- 431 S2- 428
CRUDE OIL (jul) – expected resistance and support levels for the crude July contract with expiry date of 19 aug 2011 are:
RESISTANCE: R1-4447 R2 - 4473
SUPPORT: S1- 4392 S2- 4363
GOLD (aug) - gold august contract which will expire on 5thaug 2011. Gold bounce back again as the US debt ceiling discussion failed. Resistance and support levels for the next trading session are:
RESISTANCE: R1-23348 R2-23468
SUPPORTS: S1- 23121 S2-23013
SILVER (Sep) - silver on 25TH July closed at 59210.silver traded in positive mood but with less intensity. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1-60687 R2-61558
SUPPORTS: S1-59078 S2-58340
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