COMMODITY TRADING LEVELS FOR 29TH 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 of431 to 440. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1- 438 R2- 440

SUPPORT:       S1- 434   S2- 431

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

RESISTANCE:  R1-4335   R2 - 4363

SUPPORTS:     S1- 4280  S2- 4253     

  

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:  R123151   R2-23258

SUPPORTS:     S1- 22934   S2-22824

SILVER (Sep) -   silver on 27^th july closed at 58630.silver traded in positive mood but with less intensity. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-59509   R2-60387

SUPPORTS:     S1-57941    S2-57251