COMMODITY TRADING LEVELS FOR 8th 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 419 to 435. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1- 420 R2- 435
SUPPORT:       S1- 401 S2- 389

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

 RESISTANCE:  R1-4010  R2 - 4050
 SUPPORTS:     S1- 3799 S2- 3700      

GOLD (oct) - gold august contract which will expire on 5th OCT 2011.gold has made the record high amid the weak global cues. Resistance and support levels for the today’s session are:

RESISTANCE:  R1- 25000   R2-25200
SUPPORTS:     S1- 24300   S2-23000

SILVER (Sep) -   silver yesterday closed at 58379 after making a high of.silver made the all time high. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-60300   R2-60889
SUPPORTS:     S1-58540   S2-58000

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