COMMODITY TRADING LEVELS FOR 5TH 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 394 to 431. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1- 431 R2- 449
SUPPORT:       S1- 413 S2- 394

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

 RESISTANCE:  R1-4192   R2 - 4666
 SUPPORTS:     S1- 3803  S2- 3718     
  

GOLD (aug) - gold august contract which will expire today has made the high of 24205 amid the weak global cues. Resistance and support levels for the today’s session are:

RESISTANCE:  R1- 24154   R2-24908
SUPPORTS:     S1- 23450   S2-22964

SILVER (Sep) -   silver yesterday closed at 58130 after making a high of 62384.silver made the all time high. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-61098   R2-64066
SUPPORTS:     S1-56448   S2-54766

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