COMMODITY TRADING LEVELS FOR 5TH August 2011

COPPER (AUG) – copper’s Aug contract which is going to expire on 30 Aug 2011, is expected to trade between the broad range of 394 to 431. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1- 431 R2- 449

SUPPORT:       S1- 413 S2- 394

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

 RESISTANCE:  R1-4192   R2 - 4666

 SUPPORTS:     S1- 3803  S2- 3718     

  

GOLD (aug) - gold august contract which will expire today has made the high of 24205 amid the weak global cues. Resistance and support levels for the today’s session are:

RESISTANCE:  R1- 24154   R2-24908

SUPPORTS:     S1- 23450   S2-22964

SILVER (Sep) -   silver yesterday closed at 58130 after making a high of 62384.silver made the all time high. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-61098   R2-64066

SUPPORTS:     S1-56448   S2-54766

COMMODITY TRADING LEVELS FOR 1st august 2011

COPPER (AUG) – copper’s Aug contract which is going to expire on 30 Aug 2011, is expected to trade between the broad ranges of 433 to 441. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1- 438 R2- 441

SUPPORT:      S1- 436 S2- 433

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

 RESISTANCE:  R1-4254   R2 - 4286

 SUPPORTS:     S1- 4222  S2- 4190     

  

GOLD (aug) - gold august contract which will expire on 5^th aug 2011.gold is expected to make a further weak move as the cloud over the us economy almost deteriorated. Resistance and support levels for the today’s session are:

RESISTANCE:  R1- 23212   R2-23404

SUPPORTS:     S1- 23139   S2-23966

SILVER (Sep) -   silver on 30^th july closed at 58333.silver traded in positive mood but with less intensity. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-59077   R2-59411

SUPPORTS:     S1-58743   S2-58411