COMMODITY MARKET ANALYSIS FOR 12TH AUGUST 2011

COPPER (AUG) – copper’s Aug contract which is going to expire on 30 Aug 2011, is expected to trade between the broad range of 389 to 413. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1- 407 R2- 413

SUPPORT:       S1- 395 S2- 389

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

 RESISTANCE:  R1-3852   R2 - 3860

 SUPPORTS:     S1- 3710 S2- 3699      

  

GOLD (Aug) - gold august contract which will expire today has made the high of 26398 amid the weak global cues. Resistance and support levels for the today’s session are:

RESISTANCE:  R1- 26400   R2-26412

SUPPORTS:     S1- 25520   S2-25480

SILVER (Sep) -   silver yesterday closed at 57963 after making a high of 59340.silver made the all time high. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-5900   R2-59340

SUPPORTS:     S1-57500   S2-57223

LME DATA ON 11TH AUGUST 2011..

ALUMINIUM: Aluminum LME inventory data declined 8225 points and stood at 4572575on 11^th AUGUST 2011.

COPPER: Copper LME inventory data was 463150 on 11^th AUGUST 2011, decreased by 875 points.

NICKEL: LME inventory data of Nickel stood 103500 on 11^TH AUGUST 2011, increased by 624 points; data on 10^th Aug 2011 was 102876. 

LEAD: Lead LME inventory data increased by approx 675 points as compare on 11^THAug 2011 data 309825 and stood at 309150 on 10^th AUGUST 2011.

ZINC: On 11th AUGUST 2011, Zinc LME inventory data stood at 881525, 900 less than the data 882425 on 10^THAug 2011.

TIN: TIN LME inventory data rested at 22615 on 11th AUGUST 2011, increased by 35 points from 22580 on 10^TH Aug 2011.