COMMODITY TRADING LEVELS FOR 26TH JULY TRADE


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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