COMMODITY NEWS AND TRADING LEVELS FOR 18TH MAY 2012

Commodity Trading Levels

COPPER (JUN) – Expected resistance and support level for today trade are as follows:

TREND BEARISH

SUPPORT 1: 413.65

SUPPORT 2: 405.85

RESISTANCE 1: 429.75

RESISTANCE 2: 426.15

CRUDE OIL (MAY) – Expected resistance and support levels for the crude MAY contract with expiry date of 19 APRIL 2012 are:

TREND BEARISH

SUPPORT 1: 4925

SUPPORT 2: 4815

RESISTANCE 1: 5155

RESISTANCE 2: 5275

GOLD (JUNE) - Resistance and support levels for the today’s session for Gold JUNE contract which will expire on JUNE 2012 are:

TREND BEARISH

SUPPORT 1: 28025

SUPPORT 2: 27910

RESISTANCE 1: 28230

RESISTANCE 2: 28385

SILVER (JUL) – On domestic front Silver’s Expected resistance and support levels for today trade are as follows:

TREND BEARISH

SUPPORT 1: 52825

SUPPORT 2: 52695

RESISTANCE 1: 53095

RESISTANCE 2: 53235

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