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COMMODITY NEWS AND TRADING LEVELS FOR 6TH JANUARY 2012
COPPER (FEB) – Copper’s Nov contract which is going to expire on 29th FEB 2012, is expected to trade between the broad ranges of 398 to 406 Expected resistance and support level for today trade are as follows:
SUPPORT 1: 400.80
SUPPORT 2: 398.35
RESISTANCE 1: 404.55
RESISTANCE 2: 406.10
CRUDE OIL (JAN) – Expected resistance and support levels for the crude Dec contract with expiry date of 19 JAN 2012 are:
SUPPORT 1: 5375
SUPPORT 2: 5260
RESISTANCE 1: 5560
RESISTANCE 2: 5645
GOLD (FEB) - Gold FEB contract which will expire on 4th 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: 27735
SUPPORT 2: 27615
RESISTANCE 1: 27925
RESISTANCE 2: 28055
SILVER (MAR) – Silver is Expected resistance and support level for today trade are as follows:
SUPPORT 1: 52620
SUPPORT 2: 52435
RESISTANCE 1: 53775
RESISTANCE 2: 54690
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