TECHNICAL OUTLOOK FOR COMMODITY

Copper (AUG) – COPPER’S AUG CONTRACT WHICH IS GOING TO EXPIRE ON 30 AUG 2011, IS EXPECTED TO TRADE BETWEEN THE BROAD RANGES OF434 TO 442. EXPECTED RESISTANCE AND SUPPORT LEVEL FOR TODAY TRADE ARE AS FOLLOWS.

RESISTANCE:   R1-440 R2-442

SUPPORT:       S1- 436 S2- 434

Crude oil (jul) – EXPECTED RESISTANCE AND SUPPORT LEVELS FOR THE CRUDE JULY CONTRACT WITH EXPIRY DATE OF 19 JULY 2011 ARE:

 RESISTANCE:  R1-4429    R2 - 4486

 SUPPORTS:     S1- 4381    S2- 4224

  

GOLD (aug) -   GOLD AUGUST CONTRACT WHICH WILL EXPIRE ON 5^TH AUG 2011.GOLD SEEN TRADED WITH LESS VOLUME AS THE EASING CONCERN OF US AND EURO DEBT GIVE A BOOST TO THE BASE METAL. RESISTANCE AND SUPPORT LEVELS FOR THE TODAY’S SESSION ARE:

RESISTANCE:  R123216      R2-23323

SUPPORTS:     S1- 22932    S2-22755

SILVER (sep)-   SILVER ON 20^th  JULY CLOSED AT 59179.SILVER TRADED IN POSITIVE MOOD BUT WITH LESS INTENSITY. EXPECTED RESISTANCE AND SUPPORT LEVEL FOR TODAY TRADE ARE AS FOLLOWS.

RESISTANCE:  R1-60028   R2-60876

SUPPORTS:     S1-57678    S2-56176