COMMODITY TRADING LEVELS FOR 28TH JULY 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 437 to 439. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1- 437   R2- 439

SUPPORT:       S1- 433   S2- 431

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

RESISTANCE:  R1-4398   R2 - 4454

SUPPORTS:     S1- 4398   S2- 4254    

  

GOLD (aug) -  gold august contract which will expire on 5^th aug 2011.gold made an all time high as the US debt default concern made the investors cautious.Resistance and support levels for the today’s session are:

RESISTANCE:  R123220    R2-23342

SUPPORTS:     S1- 23011   S2-22924

SILVER (Sep) -   silver on 27^th july closed at 59718.silver traded in positive mood but with less intensity. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-60563   R2-61512

SUPPORTS:     S1-59102    S2-58490

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

TECHNICAL OUTLOOK FOR COMMODITY

Copper (AUG) – COPPER’S AUG CONTRACT WHICH IS GOING TO EXPIRE ON 30 AUG 2011, IS EXPECTED TO TRADE BETWEEN THE BROAD RANGES OF434 TO 442. EXPECTED RESISTANCE AND SUPPORT LEVEL FOR TODAY TRADE ARE AS FOLLOWS.

RESISTANCE:   R1-440 R2-442

SUPPORT:       S1- 436 S2- 434

Crude oil (jul) – EXPECTED RESISTANCE AND SUPPORT LEVELS FOR THE CRUDE JULY CONTRACT WITH EXPIRY DATE OF 19 JULY 2011 ARE:

 RESISTANCE:  R1-4429    R2 - 4486

 SUPPORTS:     S1- 4381    S2- 4224

  

GOLD (aug) -   GOLD AUGUST CONTRACT WHICH WILL EXPIRE ON 5^TH AUG 2011.GOLD SEEN TRADED WITH LESS VOLUME AS THE EASING CONCERN OF US AND EURO DEBT GIVE A BOOST TO THE BASE METAL. RESISTANCE AND SUPPORT LEVELS FOR THE TODAY’S SESSION ARE:

RESISTANCE:  R123216      R2-23323

SUPPORTS:     S1- 22932    S2-22755

SILVER (sep)-   SILVER ON 20^th  JULY CLOSED AT 59179.SILVER TRADED IN POSITIVE MOOD BUT WITH LESS INTENSITY. EXPECTED RESISTANCE AND SUPPORT LEVEL FOR TODAY TRADE ARE AS FOLLOWS.

RESISTANCE:  R1-60028   R2-60876

SUPPORTS:     S1-57678    S2-56176

LME INVENNTORY DATA of 20TH JULY 2011

Metal	20-Jul	Change	19-Jul
Aluminum	4407550	-8875	4416425
Copper	467700	300	467400
Nickel	101244	342	101586
Lead	310275	1025	309250
Zinc	880075	-3825	883900
Metal	20-Jul	Change	19-Jul
Aluminum	4407550	-8875	4416425

TECHNICAL OUTLOOK FOR COMMODITY: 20 JULY 11

Copper (AUG) – copper’s aug contract will be  expiring on 30 aug 2011, is expected to trade between the broad ranges of 430 to 449. expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-446     R2-449

SUPPORT:       S1- 434   S2- 430

Crude oil (jul) – Expected resistance and support levels for the crude july contract with expiry date of 19 july 2011 are:

 RESISTANCE:  R1-4453       R2 - 4486
 SUPPORTS:     S1- 4342     S2- 4279

  

GOLD (aug) -   Gold august contract which will be expiring e on 5^th aug 2011.gold is expected come down yesterday as the us dollar strengthen yesterday against the single currency.been.resistance and support levels for the today’s session are:

RESISTANCE:  R123475      R2-23259
SUPPORTS:     S1- 22885    S2-227

SILVER (sep)-   Silver on 18th july seen trading on higher side, it made the high of 60739 before it closed at 59255. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-60396   R2-61537

SUPPORTS:     S1-58457    S2-57663

LME INVENTORY DATA of 19TH JULY 2011

LME Inventories Data
(in tons)	19-Jul	Change	18-Jul
Aluminum	4416425	12200	4404225
Copper	467400	4450	462950
Nickel	101586	-768	102354
Lead	309250	1725	307525
Zinc	883900	-3400	887300
Tin	21360	10	21350