COMMODITY TRADING LEVELS FOR 28TH JULY 2011

COPPER (AUG) – copper’s Aug contract which is going to expire on 30 Aug 2011, is expected to trade between the broad ranges of 437 to 439. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1- 437   R2- 439

SUPPORT:       S1- 433   S2- 431

CRUDE OIL (jul) – expected resistance and support levels for the crude July contract with expiry date of 19 July 2011 are:

RESISTANCE:  R1-4398   R2 - 4454

SUPPORTS:     S1- 4398   S2- 4254    

  

GOLD (aug) -  gold august contract which will expire on 5^th aug 2011.gold made an all time high as the US debt default concern made the investors cautious.Resistance and support levels for the today’s session are:

RESISTANCE:  R123220    R2-23342

SUPPORTS:     S1- 23011   S2-22924

SILVER (Sep) -   silver on 27^th july closed at 59718.silver traded in positive mood but with less intensity. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-60563   R2-61512

SUPPORTS:     S1-59102    S2-58490