COMMODITY NEWS AND TRADING LEVELS FOR 31th OCTOBER 2011

COMMODITY NEWS & tips

After the eve of Diwali it is expected to see the Gold and Silver to move further up after good buying on the auspicious occasion. Gold and silver already showed what they can do when the market is good as was seen before.

Crude is showing its trend due to the rates of the oil in the world market. It moved from the levels of 4200 to 4600 in just 8 days now it is expected to move in the uptrend.

COMMODITY TRADING LEVELS FOR 31^th OCTOBER 2011

COPPER (Nov) – Copper’s Nov contract which is going to expire on 30 Nov 2011, is expected to trade between the broad ranges of 380 to 410 Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1- 407 R2- 413

SUPPORT:       S1- 390 S2- 382

CRUDE OIL (Jul) – Expected resistance and support levels for the crude July contract with expiry date of 19 oct 2011 are:

RESISTANCE:  R1-4565 R2 – 4600

SUPPORTS:     S1-4520 S2 - 4470

GOLD (dec) - Gold august contract which will expire on 5^th Dec 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:  R1-27650 R2-26950

SUPPORTS:     S1-27450 S2-27100

SILVER (Sep) - Silver closed at 57373.00 .silver traded in huge volatility. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-57850 R2-58200

SUPPORTS:     S1-56950 S2-56500

COMMODITY NEWS FOR 29th OCTOBER 2011

COMMODITY NEWS & tips

WEEKLY GOLD ANALYSIS

MCX Gold futures December contract closed at Rs. 27848, up Rs. 278 on Friday. Global prices are at $1739, down $9 per ounce.

In economic news on Friday, Spain's third-quarter unemployment rose to 21.5%, despite a strong summer tourist season. The jobless rate, the highest in the developed world, rose from 20.89% in the second quarter as 146,800 jobs disappeared. Keeping all these weak global data in mind gold can be said to make the new highs in upcoming session. Gold witnessed profit selling on Friday, sliding from its five-week highs as global markets came off their highs.

COMMODITY NEWS AND TRADING LEVELS FOR 28th OCTOBER 2011

COMMODITY NEWS & tips

MCX GOLD MAY GET AFFECTED BY THE GLOBAL CUES:

A strong US Q3 GDP spurred investor confidence in the world’s largest economy. Q3 2011 GDP at 2.5% is the strongest of the year.

First time unemployment claims in the US fell by 2000 to 402,000 for the week ended Oct 22 as per data by the Labor Department.

These news may give the investors added support and relief which will result into the weaken demand of the gold. However base metals and precious metals rallied almost for the fifth week in row.

COMMODITY TRADING LEVELS FOR 28^th OCTOBER 2011

COPPER (NOV) – copper’s Nov contract is expected to trade between the broad ranges of 385 to 417. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1- 409 R2- 417

SUPPORT:       S1- 391 S2- 385

CRUDE OIL (Nov) – expected resistance and support levels for the crude Nov contract are:

RESISTANCE:  R1-4735    R2 -4791

SUPPORT:       S1-4579   S2- 4471

GOLD (Dec) - gold December contract’s Resistance and support levels for the next trading session are:

RESISTANCE:  R1-27915    R2-28025

SUPPORTS:     S1- 26864   S2-26785

SILVER (Sep) -   silver Dec contract’s expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-58885   R2-59600

SUPPORTS:     S1-56140    S2-55020

COMMODITY NEWS AND TRADING LEVELS FOR 20th OCTOBER 2011

COMMODITY NEWS & TIPS

Down swing for Gold Silver and Crude oil. All the three swinged both ways but at the end closed in a bit downtrend. Inspite of good buying in gold in physical market it is not able to hold tight and fell which was expected to rise. Silver tried hard to give a uptrend but was not able to hold and it also fell.

COMMODITY TRADING LEVELS FOR 20^th OCTOBER 2011

COPPER (Nov) – Copper’s Nov contract which is going to expire on 30 Nov 2011, is expected to trade between the broad ranges of 350 to 370 Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1- 364.50 R2- 360

SUPPORT:       S1- 350 S2- 344.50

CRUDE OIL (Jul) – Expected resistance and support levels for the crude July contract with expiry date of 19 oct 2011 are:

RESISTANCE:  R1-4370 R2 – 4400

SUPPORTS:     S1-4320 S2 - 4290

  

GOLD (dec) - Gold august contract which will expire on 5^th Dec 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:  R1-26700 R2-26950

SUPPORTS:     S1-26350 S2-26100

SILVER (Sep) - Silver closed at 52228.silver traded in huge volatility. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-52500 R2-53150

SUPPORTS:     S1-52150 S2-51950

COMMODITY NEWS AND TRADING LEVELS FOR 19th OCTOBER 2011

COMMODITY NEWS & tips

Gold silver put the investors down under. All of them swing downward but gold comparatively showed some resistance and a minute change is seen in the prices. Silver broke as usual which was once looking very solid.

Crude oil came out to be a winner at the end of the day with good positive closing. It gave a good ride and closed well above 4300 mark.

COMMODITY TRADING LEVELS FOR 19^th OCTOBER 2011

COPPER (Nov) – Copper’s Nov contract which is going to expire on 30 Nov 2011, is expected to trade between the broad ranges of 350 to 380 Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1- 375 R2- 378.50

SUPPORT:       S1- 364.50 S2- 360

CRUDE OIL (Jul) – Expected resistance and support levels for the crude July contract with expiry date of 19 oct 2011 are:

RESISTANCE:  R1-4370 R2 – 4400

SUPPORTS:     S1-4320 S2 - 4290

 

GOLD (dec) - Gold august contract which will expire on 5^th Dec 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:  R1-26700 R2-26950

SUPPORTS:     S1-26350 S2-26100

SILVER (Sep) - Silver closed at 52769.silver traded in huge volatility. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-53500 R2-53950

SUPPORTS:     S1-52500 S2-52150