COMMODITY NEWS AND TRADING LEVELS FOR 22ND DECEMBER 2011

COPPER (FEB) – Copper’s Nov contract which is going to expire on 29 FEB 2011, is expected to trade between the broad ranges of 389 to 406 Expected resistance and support level for today trade are as follows:

SUPPORT 1: 395

SUPPORT 2: 389

RESISTANCE 1: 403

RESISTANCE 2: 406

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

SUPPORT 1: 5186

SUPPORT 2: 5083

RESISTANCE 1: 5285

RESISTANCE 2: 5385

GOLD (FEB) - Gold FEB contract which will expire on 4^th FEB 2012.gold gave a bearish run as the US debt default concern made the investors cautious. Resistance and support levels for the today’s session are:

SUPPORT 1: 27435

SUPPORT 2: 26995

RESISTANCE 1: 27915

RESISTANCE 2: 28145

SILVER (MAR) – Silver is Expected resistance and support level for today trade are as follows:

SUPPORT 1: 52940

SUPPORT 2: 51820

RESISTANCE 1: 53995

RESISTANCE 2: 54800

COMMODITY NEWS AND TRADING LEVELS FOR 05th OCTOBER 2011

COMMODITY NEWS

Gold was not able to resist the Greece woes and fell almost 2.7% it was the major drawback as gold was very strong in spite of silver’s bearish trend

Silver today came down to 50100 almost 4% down no relief for any investor and trader as the down trend continues.

COMMODITY TRADING LEVELS FOR 05^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 340 to 360 Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1- 349.5 R2- 354.50

SUPPORT:       S1- 337.50 S2- 333

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

RESISTANCE:  R1-3851 R2 – 3968.5

SUPPORTS:     S1-3760 S2 - 3740

  

GOLD (aug) - Gold august contract which will expire on 5^th 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:  R1-26400 R2-26950

SUPPORTS:     S1-25700 S2-25650

SILVER (Sep) - Silver closed at 50223.silver traded in bullish mood with heavy intensity. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-50550 R2-50850

SUPPORTS:     S1-49950 S2-49700

COMMODITY NEWS AND TRADING LEVELS FOR 04th OCTOBER 2011

COMMODITY NEWS

Crude slipped to 101 dollar after the announcement of Greece on deficit. The selling accelerated when US traders arrived at their desks. At 1350 GMT Brent crude futures were down USD 1.71 to USD 101.05 a barrel after hitting an intraday low of USD 100.71. US crude futures were down USD 1.92 to USD 77.28 after falling over USD 2 to USD 76.85.

Gold proved itself to be one of the strongest commodity as it surges again on Monday and closed at 52044.

Silver showed some relief for the traders as it closed in green and was much higher then what it closed on Saturday. It gained almost 900 points on Monday.

COMMODITY TRADING LEVELS FOR 04^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 340 to 360 Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1- 349.5 R2- 354.50

SUPPORT:      S1- 342   S2- 330

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

RESISTANCE:  R1-3851 R2 – 3968.5

SUPPORTS:     S1-3818 S2 -  3780

 

GOLD (aug) - Gold august contract which will expire on 5^th 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:  R1-26750 R2-26950

SUPPORTS:     S1-26200 S2-25650

SILVER (Sep) - Silver closed at 52044.silver traded in bullish mood with heavy intensity. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-52350 R2-52850

SUPPORTS:     S1-51750 S2-51400