LME INVENTORY DATA : 22 JULY 11

ALUMINIUM : Aluminium LME inventory data declined7325 points as compared to data of 20^th july, 4407550   and stood at 4400225 on 21^st July 2011.

COPPER : Copper LME inventory data was 467700 on 20^th july, increased by 6350 points and out at 474050 on 21^st july 2011.

NICKEL : LME inventory data of Nickel stood 101574 on 21^st july 2011, decreased by by 354 points, data on 20^th july 2011 was 101928. 

LEAD : Lead LME inventory data got changes approx 125 points as compare on 20 th july 2011 data, 310275 and reconciled at 310150 on july,21, 2011.

ZINC : Data on 21^st july 2011 of Zinc LME inventory data stood at 891875,higher than data 880075 on 20^th july 2011 , changes approx 11800 points 

TIN : ZINC LME inventory data of Tin rest at 21165 on 21^st july 2011, declined 100 points, data on 20^th july 2011 was  21265

Technical outlook for the day : 22 july 11

COPPER (aug) – Copper’s aug contract which is going to expire on 30 aug 2011, is expected to trade between the broad ranges of427 to 439. expected resistance and support level for today trade are as follows.

RESISTANCE:    R1-435  R2-439

SUPPORT:       S1- 430 S2- 427 

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

 RESISTANCE:  R1-4490    R2 - 4535

 SUPPORT:      S1- 4372    S2- 4299 

 

GOLD (aug) -   gold august contract which will expire on 5^th aug 2011.gold fallen down badly as it was trading in the final leg of the rally strngthning dollar resisted the rise. resistance and support levels for the today’s session are:

RESISTANCE:  R123086    R2-23280

SUPPORT:      S1- 22780  S2-22668

SILVER (sep)-   silver on 20^th  july closed at 58075.silver traded in positive mood but with less intensity. expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-59415   R2-60755

SUPPORT:      S1-57255    S2-56435