TECHNICAL OUTLOOK FOR COMMODITY: 20 JULY 11

Copper (AUG) – copper’s aug contract will be  expiring on 30 aug 2011, is expected to trade between the broad ranges of 430 to 449. expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-446     R2-449

SUPPORT:       S1- 434   S2- 430

Crude oil (jul) – Expected resistance and support levels for the crude july contract with expiry date of 19 july 2011 are:

 RESISTANCE:  R1-4453       R2 - 4486
 SUPPORTS:     S1- 4342     S2- 4279

  

GOLD (aug) -   Gold august contract which will be expiring e on 5^th aug 2011.gold is expected come down yesterday as the us dollar strengthen yesterday against the single currency.been.resistance and support levels for the today’s session are:

RESISTANCE:  R123475      R2-23259
SUPPORTS:     S1- 22885    S2-227

SILVER (sep)-   Silver on 18th july seen trading on higher side, it made the high of 60739 before it closed at 59255. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-60396   R2-61537

SUPPORTS:     S1-58457    S2-57663