FREE COMMODITY TIPS AND COMMODITY TRADING LEVELS FOR 2ND AUGUST 2012

COPPER (AUG): Copper extended losses in after-hours business on Wednesday, sinking to its lowest in a week, after the Federal Reserve refrained from delivering fresh monetary stimulus despite acknowledging a weakening U.S. economy. COMEX copper for September delivery sank an additional 2.95 cents in electronic trade to hit a one-week trough at $3.3455 per lb. It earlier settled the day down 4.25 cents at $3.3750.London Metal Exchange (LME) benchmark copper ended off $135 at $7,425 a ton, after touching its lowest level in nearly a week at $7,421.50.Expected resistance and support level for today trade are as follows.

TREND CONSOLIDATE

SUPPORT 1: 412.97,

SUPPORT 2: 407.86,

RESIST 1: 422.82,

RESIST 2: 428.68,

CRUDE OIL (AUG):  Oil prices were lower in Asian trade today after the US central bank failed to announce any new economic stimulus measures at the end of a two-day meeting, analysts said. New York’s main contract, light sweet crude for delivery in September, shed 12 cents to $88.79 a barrel and Brent North Sea crude for September delivery fell 14 cents to $105.82.Expected resistance and support levels for the crude AUG contract are:

TREND CONSOLIDATE

SUP1: 4905,

SUP2: 4843,

RESIST1: 5057,

RESIST2: 5169

GOLD (AUG): Gold found support at $1,600 an ounce on Thursday, although was capped by uncertainty on whether the European Central Bank will take bold action to tackle the region's debt crisis after the U.S. central bank dashed hopes of any imminent stimulus. Spot gold edged up 0.2 percent to $1,601.86 an ounce by 0340 GMT, after losing 0.9 percent on Wednesday. U.S. gold futures contract for December delivery edged down 0.1 percent to $1,605.40.   Resistance and support levels for the today’s session for Gold AUG contract 2012 are:

TREND BULLISH

SUP1: 29900,

SUP2: 29810,

RESIST1: 30150,

RESIST2: 30300

                                    

SILVER (SEP):  Silver metal, used heavily in industry, also fell after earlier reports showed that a Chinese factory purchasing managers' index (PMI) fell to an eight-month low and the US ISM survey of the American manufacturing sector shrank in July. At the end of a two-day policy meeting, the US central bank disappointed investors who had hoped for a third round of government bond purchases, also called quantitative easing or QE3. Silver fell 1.6 per cent to $27.47 an ounce. It was up more than 4 per cent in a four-day rally last week.  Silver is Expected resistance and support levels for today trade are as follows.

TREND CONSOLIDATE

SUP1: 52640,

SUP2: 52100,

RESIST1: 53727,

RESIST2: 54485

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FREE COMMODITY TIPS AND COMMODITY TRADING LEVELS FOR 1st AUGUST 2012

COPPER (AUG): London copper dropped to its lowest in almost a week after official manufacturing data from top metals consumer China fell short of expectations, while fading hopes for monetary stimulus in the United States and Europe also dragged down prices. Three-month copper on the London Metal Exchange traded down 0.2 percent at $7,548 a tonne by 0246 GMT, after touching a low of $7,487.50 earlier in the session -- lowest since July 27. LME copper fell almost 2 percent in July. Expected resistance and support level for today trade are as follows.

TREND CONSOLIDATE

SUPPORT 1: 418.70,

SUPPORT 2: 414.20,

RESIST 1: 426.70,

RESIST 2: 430.98,

CRUDE OIL (AUG): Crude-oil futures prices settled 1.9% lower Tuesday as investors adjusted positions ahead of a scheduled Wednesday statement from the U.S. Federal Reserve's policy-making board. Prices rallied nearly $2 a barrel over four days last week, and re-submitted at the $90-a-barrel level on expectations that the Fed was preparing to move soon with a fresh stimulus package to jolt the U.S. economy. Expected resistance and support levels for the crude AUG contract are:

TREND CONSOLIDATE

SUP1: 4843,

SUP2: 4730,

RESIST1: 5049,

RESIST2: 5170,

GOLD (AUG): Gold has rallied since tumbling to within 1% of a bear market in May, it's still 16% below the record $1,923.70 an ounce reached on September 6. Investors have favored sovereign debt and the dollar to protect their wealth as economic growth slows, driving yields to record lows and the US currency to a two-year high. Central banks from Europe to China cut interest rates this month, and the Federal Reserve said it was prepared to act to boost the recovery. Resistance and support levels for the today’s session for Gold AUG contract 2012 are:

TREND BULLISH

SUP1: 30080,

SUP2: 29950,

RESIST1: 30270,

RESIST2: 30350,

                                   

SILVER (SEP):  Silver also edged higher, following the yellow metal. * Silver for September delivery on the MCX was 0.69 percent higher at 54,197 rupees per kg. The festivals season starts in August in India, the world's biggest buyer in 2011, and continue till November. Silver is Expected resistance and support levels for today trade are as follows.

TREND CONSOLIDATE

SUP1: 53670,

SUP2: 53373,

RESIST1: 54420,

RESIST2: 54840,

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FREE COMMODITY TIPS AND COMMODITY TRADING LEVELS FOR 31st JULY 2012

COPPER (AUG): Copper edged up on Tuesday, underpinned by expectations the United States and Europe would introduce fresh easing measures this week, while traders were cautious ahead of China factory data that could offer new trading cues. Three-month copper on the London Metal Exchange traded at $7,577 a ton by 0248 GMT, up 0.38 percent from the previous session when it closed almost unchanged. Expected resistance and support level for today trade are as follows.

TREND CONSOLIDATE

SUPPORT 1: 416.08,

SUPPORT 2: 412.40,

RESIST 1: 425.10,

RESIST 2: 430.30,

CRUDE OIL (AUG): Oil traded near the highest level in a week in New York on speculation US and European policy makers will act to boost growth and concern that unrest in the Middle East may spread and disrupt supplies.
Crude for September delivery was at $90.25 a barrel, up 12 cents, in electronic trading on the New York Mercantile Exchange. The contract climbed 0.8% to $90.13 on July 27 for a fourth day of gains and the highest close since July 20. Prices are up 6.2% this month. Expected resistance and support levels for the crude AUG contract are:

TREND CONSOLIDATE

SUP1: 4910,

SUP2: 4836,

RESIST1: 5050,

RESIST2: 5130,

GOLD (AUG): Gold eased below $1,620 an ounce on Monday, taking its cue from a weaker euro. Spot gold was down 0.3% at $1,618.80 an ounce, while US gold futures for August delivery were down 20 cents an ounce at $1,617.80. Indian gold prices were steady. The most-active gold for August delivery on the MCX was 0.01% lower at Rs 29,792 per 10 gm after trading flat for three sessions in a row. Resistance and support levels for the today’s session for Gold AUG contract 2012 are:

TREND BULLISH

SUP1: 29710,

SUP2: 29635,

RESIST1: 29868,

RESIST2: 29940,

                                   

SILVER (SEP): Precious metal, silver rose. Silver metal have been underperforming gold so far this year. Silver gained 1.7 percent at $28.21 an ounce, set for its first monthly gain in five. Its run of four straight monthly losses to June was its longest such streak since 2000.Silver is Expected resistance and support levels for today trade are as follows.

TREND CONSOLIDATE

SUP1: 53360,

SUP2: 52872,

RESIST1: 54362,

RESIST2: 54970,

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FREE COMMODITY TIPS AND COMMODITY TRADING LEVELS FOR 30TH JULY 2012

COPPER (AUG): Copper edged up on Monday as its demand outlook improved on hopes Europe and the United States will announce fresh measures to shore up their faltering economies, while investors also eyed factory data from top metals consumer China for trading cues. Three-month copper on the London Metal Exchange traded at $7,600 a ton at 0314 GMT, up 0.42 percent and building on a more than 1 percent gain in the previous session. Expected resistance and support level for today trade are as follows.

TREND CONSOLIDATE

SUPPORT 1: 417.60,

SUPPORT 2: 413.80,

RESIST 1: 423.10,

RESIST 2: 427.60,

CRUDE OIL (AUG): Oil prices were mixed in Asian trade today as investors await further measures by policymakers to boost the ailing Euro zone and US economy, analysts said. New York’s main contract, light sweet crude for September delivery eased 13 cents to $90.00 a barrel while Brent North Sea crude, also for delivery in the same month, was five cents higher at $106.52.Expected resistance and support levels for the crude AUG contract are:

TREND CONSOLIDATE

SUP1: 4915,

SUP2: 4825,

RESIST1: 5080,

RESIST2: 5150,

GOLD (AUG): Gold held steady above $1,620 per ounce on Monday, as investors wait for the central banks on both sides of the Atlantic to give clearer cues on the potential for further monetary stimulus. Last Friday's data showed US economic growth slowed in the second quarter as consumers spent at their slowest pace in a year, increasing pressure on the Federal Reserve to do more to bolster the recovery ahead of the Fed policy meeting later in the week. Resistance and support levels for the today’s session for Gold AUG contract 2012 are:

TREND BULLISH

SUP1: 29710,

SUP2: 29615,

RESIST1: 29875,

RESIST2: 29950,

                                   

SILVER (SEP): Silver rallied on speculation about further stimulus.  Silver September 12contract was up by 0.23% to Rs 53,338.00 per kg, SilverM August 12 contract was up by 0.23% to Rs 53,367.00 per kg and SilverMIC August 12 contract was up by 0.22% to Rs 53,367.00 per kg.Silver is Expected resistance and support levels for today trade are as follows.

TREND CONSOLIDATE

SUP1: 52860,

SUP2: 52592,

RESIST1: 53674,

RESIST2: 54990,

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FREE COMMODITY TIPS AND COMMODITY TRADING LEVELS FOR 26TH JULY 2012

COPPER (AUG): London copper steadied on Thursday, recovering from a one-month low hit in the prior session as investor sentiment stabilized, but concerns the European debt crisis could yet deepen signaled the bounce could be brief. Three-month copper on the London Metal Exchange traded at $7,434.75 a ton by 0251 GMT, down 0.15 percent from the previous session, when it hit its lowest in one month, at $7,344.25 a tonne.Expected resistance and support level for today trade are as follows.

TREND CONSOLIDATE

SUP1: 415.10

SUP2:  410.92

RESIST 1: 424.62

RESIST 2: 428.97

CRUDE OIL (AUG): Oil dropped for the first time in three days in New York on concern rising stockpiles in the U.S., the world’s biggest crude consumer, signal faltering demand. Futures slipped as much as 0.5 percent after gaining 0.5 percent yesterday. Crude inventories climbed 2.7 million barrels last week, the first gain in five weeks, data from the Energy Department showed. They were forecast to fall 1 million barrels, according to a Bloomberg survey. Expected resistance and support levels for the crude AUG contract are:

TREND CONSOLIDATE

SUP1: 4859

SUP2: 4760

RESIST1: 5066

RESIST2: 5146

GOLD (AUG): The August contract on Comex was down by $5 at $1,603 a troy ounce at 9.40 am. The rupee opened marginally higher on Thursday. However, further gains may be limited. The month-end demand for dollar may also keep rupee under pressure. If rupee depreciates, then gold will gain further in rupee terms. Gold futures on the Multi Commodity Exchange had closed higher at Rs 29,835 per 10 grams on Wednesday against the previous close of Rs 29,568. Resistance and support levels for the today’s session for Gold AUG contract 2012 are:

TREND BULLISH

SUP1: 29630

SUP2: 29399

RESIST1: 29939

RESIST2: 30150

                                   

SILVER (SEP): Silver rose 2.1 percent to $27.51 an ounce. Confidence in the metal remains shaky, however, analysts said, with investors wary of taking profits in the traditionally volatile asset. The world's largest silver-backed exchange-traded fund, the Shares Silver Trust, posted an outflow of 69.36 tones on Tuesday. Confidence in the metal remains shaky, however, analysts said, with investors wary of taking profits in the traditionally volatile asset.Silver is Expected resistance and support levels for today trade are as follows.

TREND CONSOLIDATE

SUP1: 53040

SUP2: 52612

RESIST1: 53920

RESIST2: 54360

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