COPPER (AUG): London copper prices firmed on Monday as investors looked for bargains after the metal fell its most in a month the session before on fears Spain would need afull sovereign bailout. Three-month copper on the London Metal Exchange had edged up 0.1 percent to $7,548.75 per ton by 0122 GMT,firming after falling 2.4 percent, the most since June 21.Expected resistance and support level for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 419.55
SUPPORT 2: 415.60
RESIST 1: 424.89
RESIST 2: 430.10
CRUDE OIL (AUG): Oil prices fell on Friday, snapping a string of seven straight higher settlements, as the euro zone debt crisis brought economic concerns back in focus and strengthened the dollar. Expiring U.S. August crude fell $1.22 to settle at $91.44 a barrel, off its low of $90.66. For the week, U.S. crude raised 4.98 percent.U.S. September crude fell $1.14 to settle at $91.83 a barrel. Volumes were tepid at less than half a million lots traded each for Brent and U.S. crude, as dealings lagged 30-day averages. ExpectedS resistance and support levels for the crude AUG contract are:
TREND CONSOLIDATE
SUPPORT 1: 5036
SUPPORT 1: 4960
RESIST1: 5141
RESIST2: 5220
GOLD (AUG): Gold edged lower on Monday under the pressure of a stronger dollar, as investors fretted about Spain's finance after its Valencia region said it might need help from Madrid. Spot gold edged down 0.2 percent to $1,580.84 announce by 0032 GMT, after posting a 0.3-percent loss last week. Resistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND CONSOLIDATE
SUPPORT 1: 29210
SUPPORT 2: 29150
RESIST1: 29320
RESIST2: 29390
SILVER (SEP): Silver contract closed higher by .085 at a floor price of 27.30 per troy ounce. Silver prices, which averaged $31 in the first half of the year, are expected to average $31 an ounce in the third quarter, rising to $33.01 in the last three months of the year. Silver price change was negative last week by approximately .3 percent. Silver is Expected resistance and support levels for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 52620
SUPPORT 2: 52345
RESIST1: 53168
RESIST2: 53429
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