COPPER (AUG) – copper’s Aug contract which is going to expire on 30 Nov 2011, is expected to trade between the broad ranges of 405 to 420. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1- 420 R2- 424
SUPPORT: S1- 408 S2- 405
CRUDE OIL (jul) – expected resistance and support levels for the crude July contract with expiry date of 19 Sept 2011 are:
RESISTANCE: R1-4075 R2 - 4081
SUPPORTS: S1- 4058 S2- 4051
GOLD (aug) - gold august contract which will expire on 5th Oct 2011.gold is deviating as the US debt default concern made the investors cautious. Resistance and support levels for the today’s session are:
RESISTANCE: R1-28100 R2-28567
SUPPORTS: S1-27495 S2-27105
SILVER (Sep) - silver closed at 65597.silver traded in positive mood but with less intensity. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1-65400 R2-65989
SUPPORTS: S1-63100 S2-62513
LME DATA ON 13th september…..
ALUMINIUM: Aluminum LME inventory data increased by 4125 points and stood at 4608825.
COPPER: Copper LME inventory data was 465125 decreased by 100 points.
NICKEL: LME inventory data of Nickel stood 99240 increased by 180 points.
LEAD: Lead LME inventory data decreased by approx 975 points and stood at 319150.
ZINC: Zinc LME inventory data stood at 841900, 2975 less than the previous data.
TIN: TIN LME inventory data rested at 21610 decreased by 405 points.
LEAD: Lead LME inventory data decreased by approx 975 points and stood at 319150.
ZINC: Zinc LME inventory data stood at 841900, 2975 less than the previous data.
TIN: TIN LME inventory data rested at 21610 decreased by 405 points.
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