Commodity Levels
COPPER COMMODITY/MCX LEVELS 24 AUGUST 2012
COPPER (AUG): Copper dropped on Friday, coming off one-month highs hit in the previous session as hopes for more U.S. stimulus measures faded and on worrying signs that Spain, the fourth-largest economy in the euro zone, could need sovereign aid. Three-month copper on the London Metal Exchange fell0.8 percent to $7,623 per ton by 0702 GMT, but prices were on track for about a 1 percent gain this week -- a third straight weekly rise. Expected resistance and support levels for the COPPER AUG contract are:
TREND BULLISH
SUPPORT 1: 417.53
SUPPORT 2: 412.08
RESISTANCE 1: 428.65
RESISTANCE 2: 437.55
CRUDE OIL COMMODITY/MCX LEVELS 24 AUGUST 2012
CRUDE OIL (SEP): Nymex crude oil prices declined around 1 percent yesterday on the back of rise in US jobless claims coupled with expectations that Euro Zone policymakers will not be able to take concrete steps to curtail Euro Zone debt crisis. Crude oil prices touched an intra-day low of $95.75/bbl and closed at $96.30/bbl in yesterday’s trading session. Expected resistance and support levels for the crude AUG contract are:
TREND CONSOLIDATE
SUPPORT 1: 5220
SUPPORT 2: 5130
RESISTANCE 1: 5430
RESISTANCE 2: 5550
GOLD COMMODITY/MCX LEVELS 24 AUGUST 2012
GOLD (OCT): Gold rose 1 percent to a four-month high above $1,670 an ounce on Thursday, bolstered by hopes for a new round of U.S. monetary stimulus and news that Spain is negotiating conditions for a possible aid package. Spot gold gained 0.9 percent to $1,668.70 an ounce by 2:25 p.m. EDT (1825 GMT), having risen 3.5 percent so far this week. Resistance and support levels for the today’s session for Gold OCT contract 2012 are:
TREND BULLISH
SUPPORT 1: 30620
SUPPORT 2: 30350
RESISTANCE 1: 31020
RESISTANCE 2: 31250
SILVER COMMODITY/MCX LEVELS 24 AUGUST 2012
SILVER (SEP): Silver rose 2.2 percent to $30.49 an ounce. Silver surged 2 percent. Precious metals received a boost after sources told Reuters Spain is in talks with the euro zone over conditions for international aid, even though the country has made no final decision to request a bailout. Silver is Expected resistance and support levels for today trade are as follows.
TREND BULLISH
SUPPORT 1: 56010
SUPPORT 2: 55750
RESISTANCE 1: 57500
RESISTANCE 2: 57900
COPPER COMMODITY/MCX LEVELS 23 AUGUST 2012
COPPER (AUG): London copper rallied to a one-month high on Thursday after the U.S. Federal Reserve signaled that further stimulus might be on the agenda, and after shrinking factory growth numbers out of top metals consumer China also raised prospects for further easing there. Three-month copper on the London Metal Exchange traded at $7,681 per ton at 0704 GMT, up 1 percent and having earlier hit $7,687.50, which was the highest since July 20. Prices edged out of negative territory on Thursday and are now close to levels seen at the start of the year. Expected resistance and support levels for the COPPER AUG contract are:
TREND CONSOLIDATE
SUPPORT 1: 416.16
SUPPORT 2: 411.16
RESISTANCE 1: 427.92
RESISTANCE 2: 432.76
CRUDE COMMODITY/MCX LEVELS 23 AUGUST 2012
CRUDE OIL (SEP): Crude advanced in Asia today as hopes rose that the US Federal Reserve would kick start the economy of the world’s largest oil consumer, analysts said. New York’s main contract, light sweet crude for delivery in October, rose 43 cents to $97.69 a barrel and Brent North Sea crude for October delivery gained 48 cents to $115.39. Expected resistance and support levels for the crude AUG contract are:
TREND CONSOLIDATE
SUPPORT 1: 5250
SUPPORT 2: 5170
RESISTANCE 1: 5470
RESISTANCE 2: 5550
GOLD COMMODITY/MCX LEVELS 23 AUGUST 2012
GOLD (OCT): Gold rose to its highest level in more than three months on Thursday, after minutes from the latest US Federal Reserve meeting showed the central bank could be willing to launch another round of bond buying soon. Spot gold climbed to $1,656.46 an ounce, its highest since May 2, before easing slightly to $1,654.16.The U.S. gold futures contract for December delivery gained nearly 1 percent to $1,656.50. Resistance and support levels for the today’s session for Gold OCT contract 2012 are:
TREND CONSOLIDATE
SUPPORT 1: 30220
SUPPORT 2: 30050
RESISTANCE 1: 30450
RESISTANCE 2: 30600
SILVER COMMODITY/MCX LEVELS 23 AUGUST 2012
SILVER (SEP): Silver over the next two-three days. The metal is expected to go around USD 34-35 per ounce in the international market. SILVER prices on MCX surged today. At 11:07 hrs MCX SILVER September contract was trading at Rs 56475.00 up Rs 1166.00, or 2.11%. The SILVER rate touched an intraday high of Rs 56481.00 and an intraday low of Rs 55425.00. So far 14682 contracts have been traded. SILVER prices have moved down Rs 3925.00 or 6.50% in the September series so far. Silver is Expected resistance and support levels for today trade are as follows.
TREND BULLISH
SUPPORT 1: 54850
SUPPORT 2: 54420
RESISTANCE 1: 55650
RESISTANCE 2: 56050
COPPER COMMODITY/MCX LEVELS 21 AUGUST 2012
COPPER (AUG): Copper rose on Tuesday on a surge in Shanghai equities and a weaker dollar, although prices look set to stay in a tight range as investors wait for more trading cues. Three-month copper on the London Metal Exchange rose0.8 percent to $7,517.50 per ton by 0739 GMT, after dropping1.1 percent in the previous session. Expected resistance and support level for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 407.88
SUPPORT 2: 402.38
RESISTANCE 1: 421.63
RESISTANCE 2: 428.13
CRUDE COMMODITY/MCX LEVELS 21 AUGUST 2012
CRUDE OIL (SEP): Oil traded near the highest close in three months in New York before a meeting of European leaders on the region’s debt crisis, even as a report is forecast to show stockpiles rose in the U.S., the world’s biggest crude consumer. Crude for September delivery was up as much as 40 cents at $96.37 a barrel in electronic trading on the New York Mercantile Exchange at 2:26 p.m. Singapore time. It closed at $96.01 on Aug. 17, the highest level since May 11. The contract expires today. Expected resistance and support levels for the crude AUG contract are:
TREND CONSOLIDATE
SUPPORT 1: 5250
SUPPORT 2: 5180
RESISTANCE 1: 5450
RESISTANCE 2: 5530
GOLD COMMODITY/MCX LEVELS 21 AUGUST 2012
GOLD (OCT): Gold fell as the dollar rose against the euro after Germany’s Bundesbank stepped up criticism of the European Central Bank’s bond-buying program, eroding demand for the metal as an alternative investment. Gold futures for December delivery fell less than 0.1 percent to $1,618.70 an ounce on the Comex in New York. Earlier, the metal declined as much as 0.5 percent. The price climbed 1.1 percent in the previous three sessions. Resistance and support levels for the today’s session for Gold OCT contract 2012 are:
TREND CONSOLIDATE
SUPPORT 1: 30020
SUPPORT 2: 29900
RESISTANCE 1: 30280
RESISTANCE 2: 30375
SILVER COMMODITY/MCX LEVELS 21 AUGUST 2012
SILVER (SEP): Precious metals except for silver moved higher on Friday despite fading hopes for stimulus measures from the Fed after upbeat data releases. A Thomson Reuters/University of Michigan US consumer sentiment index attained three-month high in August. Silver is Expected resistance and support levels for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 53750
SUPPORT 2: 53150
RESISTANCE 1: 54650
RESISTANCE 2: 55400
COPPER COMMODITY/MCX LEVELS 17 AUGUST 2012
COPPER (AUG): Firming trend overseas after Chinese Premier Wen Jiabao said easing inflation provides room to adjust monetary policy, boosting optimism that the government will take more steps to stimulate the world's second-largest economy. Meanwhile, three-month copper traded 0.8 per cent higher at USD 7,443.75 per ton at the London Metal Exchange in early trade today. Copper prices rose marginally by 0.05 per cent in futures trade today as speculators created fresh positions amid a firming trend overseas and pick-up in demand in the spot market. Expected resistance and support level for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 409.27
SUPPORT 2: 404.92
RESISTANCE 1: 419.87
RESISTANCE 2: 425.52
CRUDE OIL COMMODITY/MCX LEVELS 17 AUGUST 2012
CRUDE OIL (AUG): Oil for September delivery slid as much as 0.4 percent in New York, trimming a third weekly gain. Futures were 29 cents lower, or 0.3 percent, at $95.31 a barrel in electronic trading on the New York Mercantile Exchange at 8:30 a.m. in Singapore. They rose 1.4 percent yesterday to the highest in three months. Expected resistance and support levels for the crude AUG contract are:
TREND BULLISH
SUPPORT 1: 5188
SUPPORT 2: 5090
RESISTANCE 1: 5390
RESISTANCE 2: 5480
GOLD COMMODITY/MCX LEVELS 17 AUGUST 2012
GOLD (OCT): Gold for immediate delivery rose as much as 0.2 percent to $1,618.05 an ounce and was little changed at $1,615.20 at 11:05 a.m. in Singapore. The price is down 0.3 percent this week. December-delivery bullion was little changed at $1,618.60 on the Comex in New York. Resistance and support levels for the today’s session for Gold OCT contract 2012 are:
TREND CONSOLIDATE
SUPPORT 1: 30020
SUPPORT 2: 29900
RESISTANCE 1: 30225
RESISTANCE 2: 30350
SILVER COMMODITY/MCX LEVELS 17 AUGUST 2012
SILVER (SEP): Spot silver was little changed at $28.2125 an ounce, heading for a 0.3 percent gain this week. Silver is Expected resistance and support levels for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 53350
SUPPORT 2: 52820
RESISTANCE 1: 54060
RESISTANCE 2: 54550
COPPER COMMODITY/MCX LEVELS 16 AUGUST 2012
COPPER (AUG): London copper climbed on Thursday, helped by a weaker dollar and hopes for more economic stimulus in the United States and China, which would boost global demand for metals. Three-month copper on the London Metal Exchange had ticked up 0.6 percent to $7,428 per ton by 0127 GMT, after losing 0.4 percent the session before. Expected resistance and support level for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 408.60
SUPPORT 2: 402.50
RESIST 1: 420.80
RESIST 2: 429.00
CRUDE OIL (AUG): U.S. crude futures stayed close to a three-month high in early Asian trade on Thursday ona steeper than expected drop in oil inventories in the United States, the world's biggest consumer, despite a modest rise in imports. U.S. crude had gained 11 cents to $94.44 per barrel by 0025 GMT, after rising 90 cents to its highest settlement since May 14. Brent was unchanged at $116.25, after ending $2.22 up at the highest settlement since May 2. Expected resistance and support levels for the crude AUG contract are:
TREND BULLISH
SUPPORT 1: 5120
SUPPORT 2: 5020
RESISTANCE 1: 5300
RESISTANCE 2: 5382
GOLD (OCT): Gold slid on Tuesday to its lowest since August 3 as U.S. retail sales, which rose in July for the first time in four months, prompted investors to scale back their bets based on dimming expectations of imminent stimulus measures from the Federal Reserve. Spot gold inched up 0.3% to USD 1,602.21 an ounce by 0630 GMT, after touching a low around $1,598 earlier in the session. It hit an intraday low of USD 1,594.10 on Tuesday, its lowest since Aug 3.US gold futures contract for December delivery gained 0.1% to USD 1,604.70.Resistance and support levels for the today’s session for Gold OCT contract 2012 are:
TREND CONSOLIDATE
SUPPORT 1: 29900
SUPPORT 2: 29810
RESISTANCE 1: 30150
RESISTANCE 2: 30270
SILVER (SEP): Bullion gained 0.8 percent last week amid speculation that China, the U.S. and Europe may take more steps to boost economic growth, reviving demand for gold as an inflation hedge. firm global trend on speculation central banks from China to the US are poised step up stimulus measures to counter an economic slowdown, boosting investment demand for the metal, influenced silver futures here. silver gained 0.5 per cent to USD 27.94 an ounce in Singapore. Silver is Expected resistance and support levels for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 53100
SUPPRT 2: 52850
RESISTANCE 1: 53750
RESISTANCE 2: 54100
COPPER COMMODITY/MCX LEVELS 14 AUGUST 2012
COPPER (AUG): Fall in copper futures prices was due to a weakening trend in overseas markets on speculation that a slowdown in China, the world's biggest consumer, and lower-than-expected growth in Japan will dampen the demand for base metals. Meanwhile, three-month copper dropped as much as 0.7% to $7,436 a ton at the London Metal Exchange. Copper futures prices today fell by 0.47% to Rs 413.10 per kg after participants trimmed their positions, taking weak cues from global markets. Expected resistance and support level for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 406.77
SUPPORT 2: 402.54
RESISTANCE 1: 418.07
RESISTANCE 2: 425.37
CRUDE COMMODITY/MCX LEVELS 14 AUGUST 2012
CRUDE OIL (AUG): Firming trend in the global markets ahead of a report that may show sales at US retailers expanded last month supported the uptrend in crude oil at futures trade here. Nymex crude oil prices increased around 0.7% today taking cues from reemergence of tension in the Middle East coupled with weakness in the DX. Additionally, mixed global market sentiments also helped upside in the crude oil prices. Expected resistance and support levels for the crude AUG contract are:
TREND BULLISH
SUPPORT 1: 5070
SUPPORT 2: 4968
RESISTANCE 1: 5250
RESISTANCE 2: 5340
GOLD COMMODITY/MCX LEVELS 14 AUGUST 2012
GOLD (OCT): Gold prices in India rose on Monday to the highest level in more than a week on a drop in rupee, but demand was subdued in the physical market where buyers were on the sidelines waiting for a correction in prices.
The most-active gold for October delivery on the Multi Commodity Exchange (MCX) was up 0.45 percent at 30,168 rupees per 10 grams by 0950 GMT. International spot gold edged up, extending its winning streak into a seventh session as dimming prospects for global growth support expectations of more stimulus measures from central banks around the world. Resistance and support levels for the today’s session for Gold OCT contract 2012 are:
The most-active gold for October delivery on the Multi Commodity Exchange (MCX) was up 0.45 percent at 30,168 rupees per 10 grams by 0950 GMT. International spot gold edged up, extending its winning streak into a seventh session as dimming prospects for global growth support expectations of more stimulus measures from central banks around the world. Resistance and support levels for the today’s session for Gold OCT contract 2012 are:
TREND CONSOLIDATE
SUPPORT 1: 29920
SUPPORT 2: 29780
RESISTANCE 1: 30160
RESISTANCE 2: 30280
SILVER COMMODITY/MCX LEVELS 14 AUGUST 2012
SILVER (SEP): Spot silver prices declined 0.1% tracking bearishness in the base metals pack. However strength in the spot gold prices coupled with weakness in the DX cushioned sharp fall in the prices. The white metal prices touched an intra-day low of $27.9/oz and were trading around $28.05/oz. In the domestic market prices gained 0.3% due to depreciation in the Indian rupee today. Silver is Expected resistance and support levels for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 53050
SUPPORT 2: 52650
RESISTANCE 1: 53820
RESISTANCE 2: 54250
COPPER COMMODITY/MCX LEVELS 13 AUGUST 2012
COPPER (AUG): Copper bulls waiting for a magic bullet from China to shore up the metal’s price have been left disappointed. Recent data from China - specifically industrial production and imports data - continue to point to sluggish demand in a market dogged by high inventories. Prices will average about $8,000 per ton on the LME this year this year, $7,500 in 2013 and $8,000 in 2014, he said. It was trading at $7,486 on Friday. Expected resistance and support level for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 409.83
SUPPORT 2: 405.10
RESISTANCE 1: 419.98
RESISTANCE 2: 425.33
CRUDE COMMODITY/MCX LEVELS 13 AUGUST 2012
CRUDE OIL (AUG): Crude oil futures prices declined by 0.41 per cent to Rs 5,133 per barrel today in line with a weak trend in Asian trade. At the Multi Commodity Exchange, crude oil for delivery in August shed Rs 41, or 0.41 per cent, to Rs 5,133 per barrel, with a business volume of 15,498 lots. Market men said the fall in crude oil futures prices was in line with a weakening trend in Asia as a collapse in China's export growth added to signs that the global economy is weakening Expected resistance and support levels for the crude AUG contract are:
TREND BULLISH
SUPPORT 1: 4950
SUPPORT 2: 4860
RESISTANCE 1: 5210
RESISTANCE 2: 5375
GOLD COMMODITY/MCX LEVELS 13 AUGUST 2012
GOLD (OCT): Gold hovered near USD 1,620 an ounce on Monday, after gaining for a sixth straight day in the previous session as downbeat China economic data triggered expectations of more stimulus measures from the world's second-largest economy. Spot gold was little changed at USD 1,620.11 an ounce by 0039 GMT, after posting a weekly rise of nearly 1%. U.S. gold futures contract for December delivery traded nearly flat at USD 1,622.70. Resistance and support levels for the today’s session for Gold OCT contract 2012 are:
TREND CONSOLIDATE
SUPPORT 1: 29926
SUPPORT 2: 29840
RESISTANCE 1: 30190
RESISTANCE 2: 30360
SILVER COMMODITY/MCX LEVELS 13 AUGUST 2012
SILVER (SEP): Silver, Friday AM fix was at $27.88/oz, down 0.5 per cent from the previous day. The silver market is in surplus this year (estimated at 3,000 tone) and is expected to remain so next year too (4,000 tone) according to analysts. So, price movements are dictated by investor appetite in general. Silver is Expected resistance and support levels for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 53010
SUPPORT 2: 52612
RESISTANCE 1: 53920
RESISTANCE 2: 54560
COPPER COMMODITY/MCX LEVELS 10 AUGUST 2012
CS COPPER (AUG) OVERVIEW:
TREND CONSOLIDATE
SUPPORT 1: 413.70
SUPPORT 2:409.30
RESISTANCE 1: 421.00
RESISTANCE 2: 425.00
CRUDE COMMODITY/MCX LEVELS 10 AUGUST 2012
CS CRUDE (AUG) OVERVIEW:
TREND BULLISH
SUPPORT 1: 5050
SUPPORT 2: 4830
RESISTANCE 1: 5240
RESISTANCE 2: 5450
GOLD COMMODITY/MCX LEVELS 10 AUGUST 2012
CS GOLD (OCT) OVERVIEW:
TREND CONSOLIDATE
SUPPORT 1: 29695
SUPPORT 2: 29335
RESISTANCE 1: 30430
RESISTANCE 2: 30780
SILVER COMMODITY/MCX LEVELS 10 AUGUST 2012
SILVER (SEP) OVERVIEW:
TREND CONSOLIDATE
SUPPORT 1: 52860
SUPPORT 2: 52585
RESISTANCE 1: 53900
RESISTANCE 2: 54510
NICKEL COMMODITY/MCX LEVELS 10 AUGUST 2012
NICKEL (AUG) OVERVIEW:
TREND BEARISH
SUPPORT 1: 889.00
SUPPORT 2: 900.00
RESISTANCE 1: 840.00
RESISTANCE 2: 822.00
COPPER COMMODITY/MCX LEVELS 9 AUGUST 2012
COPPER (AUG): Copper fell for the first time in four sessions after weaker-than-forecast German industrial production fueled concern that Europe’s debt crisis is crimping economies and cutting metals demand. Copper futures for September delivery slid 0.6 percent to settle at $3.4215 a pound on the Comex in New York. Prices gained 4.6 percent in the previous three sessions. On the London Metal Exchange, copper for delivery in three months retreated 0.4 percent to $7,550 a metric ton ($3.43 a pound.)Expected resistance and support level for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 411.80
SUPPORT 2: 405.70
RESISTANCE 1: 423.00
RESISTANCE 2: 427.80
CRUDE OIL COMMODITY/MCX LEVELS 9 AUGUST 2012
CRUDE OIL (AUG): Oil in New York fell for the first time in four days after a government report showed fuel demand weakened last week and on concern that the Federal Reserve won’t implement additional stimulus measures. Prices declined 0.3 percent as the Energy Department said U.S. petroleum demand decreased for the first time in four weeks. Expected resistance and support levels for the crude AUG contract are:
TREND BULLISH
SUPPORT 1: 5080
SUPPORT 2: 4987
RESISTANCE 1: 5230
RESISTANCE 2: 5310
GOLD COMMODITY/MCX LEVELS 9 AUGUST 2012
GOLD (OCT): Gold advanced for the third time in four sessions on speculation that central banks will take steps to bolster their economies, increasing the appeal of the precious metal as a store of value. Spot gold had edged up 0.3 percent to $1,616.22 an ounce by 0324 GMT.The U.S. gold futures contract for December delivery gained 0.2 percent to $1,619.10.Resistance and support levels for the today’s session for Gold OCT contract 2012 are:
TREND CONSOLIDATE
SUPPORT 1: 29730
SUPPORT 2: 29590
RESISTANCE 1: 30010
RESISTANCE 2: 30150
SILVER COMMODITY/MCX LEVELS 9 AUGUST 2012
SILVER (SEP): Silver traded lower following global leads. Silver futures for September delivery declined less than 0.1 percent to $28.075 an ounce in New York.Silver for September delivery on the MCX was down 0.26% at Rs 53,230 per kg.Silver is Expected resistance and support levels for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 53010
SUPPORT 2: 52820
RESISTANCE 1: 53910
RESISTANCE 2: 54440
COPPER COMMODITY/MCX LEVELS 8 AUGUST 2012
COPPER (AUG): Three-month copper on the London Metal Exchange had slipped 0.45 percent to $7,546 a ton by 0308 GMT, reversing gains from the previous session when it hit a one-week high and closed at $7,580 a ton, its loftiest finish since July 19.LME copper has gained 3.5 percent over the last three days, its biggest three-day rally in more than a month, but is still in negative territory for the year. Expected resistance and support level for today trade are as follows.
TREND BEARISH
SUPPORT 1: 412.80
SUPPORT 2: 407.10
RESISTANCE 1: 426.60
RESISTANCE 2: 431.20
CRUDE OIL COMMODITY/MCX LEVELS 8 AUGUST 2012
CRUDE OIL (AUG): Oil slid from the highest close in more than two months as investors sold contracts on speculation that recent gains were excessive amid signs of weakening demand in the U.S, the world’s biggest consumer of crude. Futures fell as much as 0.5 percent, dropping for the first time in four days. Oil’s gains stalled near the upper Bollinger Band, an indicator of technical resistance. Crude consumption declined4 percent to 15.9 million barrels last week, the biggest percentage decrease in a month. Expected resistance and support levels for the crude AUG contract are:
TREND CONSOLIDATE
SUPPORT 1: 5040
SUPPORT 2: 4950
RESISTANCE 1: 5246
RESISTANCE 2: 5350
GOLD COMMODITY/MCX LEVELS 8 AUGUST 2012
GOLD (OCT): Gold may drop for the first time in four days as the metal’s advance to a one-week high encourages sales and as the dollar’s strength saps demand for bullion as an alternative investment. Silver declined. Spot gold lost as much as 0.2 percent to $1,609.40 an ounce, and was at $1,611.25 at 9:41 a.m. in Singapore. The metal climbed to $1,618.40 an ounce yesterday, the highest level since Aug. 1. Resistance and support levels for the today’s session for Gold OCT contract 2012 are:
TREND CONSOLIDATE
SUPPORT 1: 29650
SUPPORT 2: 29520
RESISTANCE 1: 29920
RESISTANCE 2: 30080
SILVER COMMODITY/MCX LEVELS 8 AUGUST 2012
SILVER (SEP): Spot silver fell as much as 0.5 percent to $28.0075 an ounce, and traded at $28.0425, dropping for the first time in four days. The dollar rose 0.2 percent versus a six-currency basket including the euro, gaining for the first time in four days, before data that may show weakness in German industrial production. Bullion tends to move inversely to the greenback. Silver is Expected resistance and support levels for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 53130
SUPPORT 2: 52900
RESISTANCE 1: 53610
RESISTANCE 2: 53890
COPPER COMMODITY/MCX LEVELS 7 AUGUST 2012
COPPER (AUG): The fall in copper futures prices was due to a weakening trend in overseas markets. Meanwhile, for three-month copper dropped as much as 2.2 per cent to USD 7,434 a ton at the London Metal Exchange. Copper futures prices today fell by 0.20 per cent to Rs 418.80 per kg as traders reduced their positions, taking weak cues from global markets. Expected resistance and support level for today trade are as follows.
TREND BEARISH
SUPPORT 1: 410.70
SUPPORT 2: 405.20
RESISTANCE 1: 419.70
RESISTANCE 2: 424.68
CRUDE COMMODITY/MCX LEVELS 7 AUGUST 2012
CRUDE OIL (AUG): Crude oil futures prices declined by 0.37 per cent to Rs 5,130 per barrel today largely in tandem with a weak trend in Asian trade on profit-booking. The fall in crude oil futures prices was mostly in line with a weakening trend in Asian trade on profit-booking after last week rally ahead of the release of Chinese trade data later this week. Meanwhile, crude oil for delivery in September fell 12 cents to USD 91.28 a barrel on the New York Mercantile Exchange. Expected resistance and support levels for the crude AUG contract are:
TREND CONSOLIDATE
SUPPORT 1: 4960
SUPPORT 2: 4850
RESISTANCE 1: 5187
RESISTANCE 2: 5264
GOLD COMMODITY/MCX LEVELS 7 AUGUST 2012
GOLD (OCT): Spot gold inched up 60 cents to USD 1,610.99 an ounce by 0038 GMT, after two sessions of consecutive gains.US gold futures contract for December delivery edged down 0.1% to USD 1,613.90.Gold traded steady on Tuesday, striving to extend gains into a third straight session as investors expect the European Central Bank to take actions to contain the region's debt crisis. Resistance and support levels for the today’s session for Gold OCT contract 2012 are:
TREND CONSOLIDATE
SUPPORT 1: 29820
SUPPORT 2: 29730
RESISTANCE 1: 30070
RESISTANCE 2: 30210
SILVER COMMODITY/MCX LEVELS 7 AUGUST 2012
SILVER (SEP): Holdings of the shares Silver Trust, the world's largest silver-backed exchange-traded fund, inched down to 9,742.43 tons on August 3, from 9,759.01 tones hit last week -- the highest since late June. Spot silver lost 0.1% to USD 27.83.Silver is Expected resistance and support levels for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 53010
SUPPORT 2: 52730
RESISTANCE 1: 53610
RESISTANCE 2: 53990
COPPER COMMODITY/MCX LEVELS 6 AUGUST 2012
COPPER (AUG): London copper was little changed on Monday after a better-than-expected U.S. jobs report eased concern over growth in the world's biggest economy, and a fresh pledge by top metals consumer China to support growth also helped to support prices. Three-month copper on the London Metal Exchange was steady at $7,438 per metric ton (1.1023 tons) by 10.48 p.m. EDT, down 0.09 percent after gains of more than 1 percent in the previous session.
Expected resistance and support level for today trade are as follows.
TREND BEARISH
SUPPORT 1: 407.15
SUPPORT 2: 401.75
RESISTANCE 1: 417.80
RESISTANCE 2: 423.15
CRUDE COMMODITY/MCX LEVELS 6 AUGUST 2012
CRUDE OIL (AUG): Crude-oil futures vaulted almost 5% to close above $91 a barrel after better-than-expected U.S. data fueled hopes that economic strengthening would lead to increased oil demand. Light, sweet crude for September delivery rose $4.27, or 4.9%, to settle at $91.40 a barrel on the New York Mercantile Exchange. The contract reached $91.74, its highest intraday price since July 20, before pulling back slightly. Brent crude on ICE Futures Europe settled up $3.04, or 2.9%, at $108.94 a barrel. Expected resistance and support levels for the crude AUG contract are:
TREND CONSOLIDATE
SUPPORT 1: 4925
SUPPORT 2: 4851
RESISTANCE 1: 5145
RESISTANCE 2: 5265
GOLD COMMODITY/MCX LEVELS 6 AUGUST 2012
GOLD (OCT): Gold edged down 0.5% while other precious metals posted gains of 1.1% for silver and palladium and 0.4% for platinum. On Friday, gold prices for December delivery jumped $18.60, or 1.2%, to$1,609.30 an ounce. The yellow metal traded between an intraday low of $1,588.50 and a high of $1,609.90. Gold has gained 2.7% in 2012.Gold hit Wednesday and then Thursday over disappointment that the Federal Reserve and ECB failed to offer investor-desired stimulus measures after monetary policy meetings. Resistance and support levels for the today’s session for Gold OCT contract 2012 are:
TREND CONSOLIDATE
SUPPORT 1: 29810
SUPPORT 2: 29720
RESISTANCE 1: 30050
RESISTANCE 2: 30200
COPPER COMMODITY/MCX LEVELS 6 AUGUST 2012
SILVER (SEP): Silver rebounded sharply Friday after three straight daily losses, and silver managed to cross into positive territory this week. Silver prices for September delivery rallied 80.6 cents, or 3.0%, to $27.801 an ounce. Silver ranged from $26.990 to $27.895.Silver is Expected resistance and support levels for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 52910
SUPPORT 2: 52530
RESISTANCE 1: 53770
RESISTANCE 2: 54230
COPPER COMMODITY/MCX LEVELS 2 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
RESISTANCE 1: 422.82
RESISTANCE 2: 428.68
CRUDE COMMODITY/MCX LEVELS 2 AUGUST 2012
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
SUPPORT 1: 4905
SUPPORT 2: 4843
RESISTANCE 1: 5057
RESISTANCE 2: 5169
GOLD COMMODITY/MCX LEVELS 2 AUGUST 2012
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
SUPPORT 1: 29900
SUPPORT 2: 29810
RESISTANCE 1: 30150
RESISTANCE 2: 30300
SILVER COMMODITY/MCX LEVELS 2 AUGUST 2012
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
SUPPORT 1: 52640
SUPPORT 2: 52100
RESISTANCE 1: 53727
RESISTANCE 2: 54485
COPPER COMMODITY/MCX LEVELS 1 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
RESISTANCE 1: 426.70
RESISTANCE 2: 430.98
CRUDE OIL COMMODITY/MCX LEVELS 1 AUGUST 2012
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
SUPPORT 1: 4843
SUPPORT 2: 4730
RESISTANCE 1: 5049
RESISTANCE 2: 5170
GOLD COMMODITY/MCX LEVELS 1 AUGUST 2012
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
SUPPORT 1: 30080
SUPPORT 2: 29950
RESISTANCE 1: 30270
RESISTANCE 2: 30350
SILVER COMMODITY/MCX LEVELS 1 AUGUST 2012
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
SUPPORT 1: 53670
SUPPORT 2: 53373
RESISTANCE 1: 54420
RESISTANCE 2: 54840
COPPER COMMODITY/MCX LEVELS 31 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
RESISTANCE 1: 425.10
RESISTANCE 2: 430.30
CRUDE OIL COMMODITY/MCX LEVELS 31 JULY 2012
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:
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
SUPPORT 1: 4910
SUPPORT 2: 4836
RESISTANCE 1: 5050
RESISTANCE 2: 5130
GOLD COMMODITY/MCX LEVELS 31 JULY 2012
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
SUPPORT 1: 29710
SUPPORT 2: 29635
RESISTANCE 1: 29868
RESISTANCE 2: 29940
COPPER COMMODITY/MCX LEVELS 31 JULY 2012
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
SUPPORT 1: 53360
SUPPORT 2: 52872
RESISTANCE 1: 54362
RESISTANCE 2: 54970
COPPER COMMODITY/MCX LEVELS 30 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 COMMODITY/MCX LEVELS 30 JULY 2012
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 COMMODITY/MCX LEVELS 30 JULY 2012
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 COMMODITY/MCX LEVELS 30 JULY 2012
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
SUPPORT 1: 52860
SUPPORT 2: 52592
RESISTANCE 1: 53674
RESISTANCE 2: 54990
COPPER COMMODITY/MCX LEVELS 27 JULY 2012
CS COPPER (AUG) OVERVIEW:
TREND CONSOLIDATE
SUPPORT 1: 414.70
SUPPORT 2:410.30
RESISTANCE 1: 423.00
RESISTANCE 2: 427.00
CRUDE COMMODITY/MCX LEVELS 27 JULY 2012
CS CRUDE (AUG) OVERVIEW:
TREND CONSOLIDATE
SUPPORT 1: 4850
SUPPORT 2: 4730
RESISTANCE 1: 5090
RESISTANCE 2: 5250
GOLD COMMODITY/MCX LEVELS 27 JULY 2012
CS GOLD (AUG) OVERVIEW:
TREND BULLISH
SUPPORT 1: 29650
SUPPORT 2: 29440
RESISTANCE 1: 30023
RESISTANCE 2: 30180
SILVER COMMODITY/MCX LEVELS 27 JULY 2012
CS SILVER (SEP) OVERVIEW:
TREND CONSOLIDATE
SUPPORT 1: 52960
SUPPORT 2: 52485
RESISTANCE 1: 53580
RESISTANCE 2: 54000
NICKEL COMMODITY/MCX LEVELS 27 JULY 2012
CS NICKEL (JUL) OVERVIEW:
TREND CONSOLIDATE
SUPPORT 1: 875.00
SUPPORT 2: 864.60
RESISTANCE 1: 891.00
RESISTANCE 2: 900.00
COPPER COMMODITY/MCX LEVELS 26 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
SUPPORT 1: 415.10
SUPPORT 2: 410.92
RESISTANCE 1: 424.62
RESISTANCE 2: 428.97
CRUDE OIL COMMODITY/MCX LEVELS 26 JULY 2012
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
SUPPORT 1: 4859
SUPPORT 2: 4760
RESISTANCE 1: 5066
RESISTANCE 2: 5146
GOLD COMMODITY/MCX LEVELS 26 JULY 2012
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
SUPPORT 1: 29630
SUPPORT 2: 29399
RESISTANCE 1: 29939
RESISTANCE 2: 30150
SILVER COMMODITY/MCX LEVELS 26 JULY 2012
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
SUPPORT 1: 53040
SUPPORT 2: 52612
RESISTANCE 1: 53920
COPPER COMMODITY/MCX LEVELS 25 JULY 2012
COPPER (AUG): London copper fell to a one-month low on Wednesday as renewed worries over Greek and Spanish sovereign debt hit risk appetite and curbed expectations of metals demand, before erasing losses alongside the euro to trade little changed. Three-month copper on the London Metal Exchange traded at $7,436.25 at 0246 GMT, up 0.26 percent from the previous session when it logged a small advance. Prices earlier fell to $7,355 a ton, the lowest since June 28, and are down just over 2 percent for the year. Expected resistance and support level for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 415.60
SUPPORT 2: 409.93
RESIST 1: 424.40
RESIST 2: 429.10
crude oil COMMODITY/MCX LEVELS 25 JULY 2012
CRUDE OIL (AUG): Crude oil futures settled modestly higher Tuesday, after a tumbling 4% a day earlier on renewed worries of economic weakness in the euro zone. Prices moved broadly throughout the session, lifted by early news of improving manufacturing data in China, the world's second-biggest oil consumer. China's purchasing manager’s index rose to a five-month high in July of 49.5 from 48.2 in June, but a reading below 50 still indicates weakness. Crude oil for September delivery on the New York Mercantile Exchange settled 36 cents higher, at $88.50 a barrel.Expected resistance and support levels for the crude AUG contract are:
TREND CONSOLIDATE
SUPPORT 1: 4909
SUPPORT 2: 4836
RESISTANCE 1: 5074
RESISTANCE 2: 5152
GOLD COMMODITY/MCX LEVELS 25 JULY 2012
GOLD (AUG): Gold held steady around $1,580 an ounce on Wednesday, as sluggish economic data kept alive hopes for more monetary stimulus while a strong dollar pressured prices. Spot gold was little changed at $1,580.14 an ounce by 0039 GMT. The U.S. gold futures contract for August delivery inched up 0.2 percent to $1,579.60.Resistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND CONSOLIDATE
SUPPORT 1: 29440
SUPPORT 2: 29350
RESISTANCE 1: 29668
RESISTANCE 2: 29798
SILVER COMMODITY/MCX LEVELS 25 JULY 2012
SILVER (SEP): Silver futures were down about 0.9% with a final bid of $26.72 per ounce. Tuesday’s high for silver prices reached $27, and the low was $26.85. SILVER September contract was trading at Rs 52770.00 down Rs 153.00, or 0.29%. The SILVER rate touched an intraday high of Rs 52914.00 and an intraday low of Rs 52705.00. So far 7829 contracts have been traded. SILVER prices have moved down Rs 7630.00 or 12.63% in the September series so far. Silver is Expected resistance and support levels for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 52520
SUPPORT 2: 52010
RESISTANCE 1: 53320
RESISTANCE 2: 53810
COPPER COMMODITY/MCX LEVELS 24 JULY 2012
COPPER (AUG): London copper rose on Tuesday on short covering ahead of the release of data on Chinese factory activity, rebounding from a near one-month low in the prior session on worries that Spain's debt problems will undermine global demand for metals. Fears over the euro zone crisis are expected to cap gains for the time being as investors also eye Italy's fragile financial markets and possible sovereign rating cuts of some of Europe's strongest economies, including Germany, by Moody’s. Expected resistance and support level for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 412.25
SUPPORT 2: 406.90
RESISTANCE 1: 425.90
RESISTANCE 2: 431.65
CRUDE OIL COMMODITY/MCX LEVELS 24 JULY 2012
CRUDE OIL (AUG): Oil plunged the most this year on concern that Europe's sovereign-debt crisis is deepening and as a Chinese central-bank adviser said the country's economic expansion may slow further. Crude oil for September delivery fell $US3.69 to $US88.14 a barrel on the New York Mercantile Exchange. It was the biggest decrease for a front-month contract since Dec. 14. Prices are down 11 per cent this year. Expected resistance and support levels for the crude AUG contract are:
TREND CONSOLIDATE
SUPPORT 1: 4942
SUPPORT 2: 4820
RESISTANCE 1: 5130
RESISTANCE 2: 5246
GOLD COMMODITY/MCX LEVELS 24 JULY 2012
GOLD (AUG): Gold slipped on Monday as Spain's economic troubles fueled euro zone debt fears, but safe-haven bids pulled bullion off session lows, as it outperformed equities and other commodities. U.S. COMEX August gold futures settle down $5.40 at$1,577.40 an ounce, with trading volume in line with its 30-day average, preliminary Reuters data showed. Resistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND CONSOLIDATE
SUPPORT 1: 29346
SUPPORT 2: 29226
RESISTANCE 1: 29560
RESISTANCE 2: 29640
SILVER COMMODITY/MCX LEVELS 24 JULY 2012
SILVER (SEP): Silver was down 0.5 percent at $27.15 an ounce, as Spain's economic troubles fueled euro zone debt fears, but safe-haven bids helped bullion outperform equities and commodities and lifted the metal off its lows. Silver is Expected resistance and support levels for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 52583
SUPPORT 2: 52169
RESISTANCE 1: 53390
RESISTANCE 2: 53860
COPPER COMMODITY/MCX LEVELS 23 JULY 2012
COPPER (AUG): London copper prices firmed on Monday as investors looked for bargains after the metal fell its most in a month the session before on fears Spain would need afull sovereign bailout. Three-month copper on the London Metal Exchange had edged up 0.1 percent to $7,548.75 per ton by 0122 GMT,firming after falling 2.4 percent, the most since June 21.Expected resistance and support level for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 419.55
SUPPORT 2: 415.60
RESISTANCE 1: 424.89
RESISTANCE 2: 430.10
CRUDE OIL COMMODITY/MCX LEVELS 23 JULY 2012
CRUDE OIL (AUG): Oil prices fell on Friday, snapping a string of seven straight higher settlements, as the euro zone debt crisis brought economic concerns back in focus and strengthened the dollar. Expiring U.S. August crude fell $1.22 to settle at $91.44 a barrel, off its low of $90.66. For the week, U.S. crude raised 4.98 percent.U.S. September crude fell $1.14 to settle at $91.83 a barrel. Volumes were tepid at less than half a million lots traded each for Brent and U.S. crude, as dealings lagged 30-day averages. ExpectedS resistance and support levels for the crude AUG contract are:
TREND CONSOLIDATE
SUPPORT 1: 5036
SUPPORT 1: 4960
RESISTANCE 1: 5141
RESISTANCE 2: 5220
GOLD COMMODITY/MCX LEVELS 23 JULY 2012
GOLD (AUG): Gold edged lower on Monday under the pressure of a stronger dollar, as investors fretted about Spain's finance after its Valencia region said it might need help from Madrid. Spot gold edged down 0.2 percent to $1,580.84 announce by 0032 GMT, after posting a 0.3-percent loss last week. Resistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND CONSOLIDATE
SUPPORT 1: 29210
SUPPORT 2: 29150
RESISTANCE 1: 29320
RESISTANCE 2: 29390
SILVER COMMODITY/MCX LEVELS 23 JULY 2012
SILVER (SEP): Silver contract closed higher by .085 at a floor price of 27.30 per troy ounce. Silver prices, which averaged $31 in the first half of the year, are expected to average $31 an ounce in the third quarter, rising to $33.01 in the last three months of the year. Silver price change was negative last week by approximately .3 percent. Silver is Expected resistance and support levels for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 52620
SUPPORT 2: 52345
RESISTANCE 1: 53168
RESISTANCE 2: 53429
COPPER COMMODITY/MCX LEVELS 20 JULY 2012
COPPER (AUG): London copper prices edged up on Friday, holding near a two-week high hit in the previous session on hopes top consumer China would take more steps to boost its economy, but weak U.S. data is expected to keep a lidon gains. Three-month copper on the London Metal Exchange edged up 0.2 percent to $7,741.25 per ton by 0119 GMT. It touched a high of $7,813 per ton on Thursday, its highest since July 3.Expected resistance and support level for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 424.88
SUPPORT 2: 419.90
RESIST 1: 435.60
RESIST 2: 440.20
CRUDE COMMODITY/MCX LEVELS 20 JULY 2012
CRUDE OIL (AUG): World oil prices hit seven-week high today as traders fretted over the impact of simmering geopolitical tensions in the crude oil-rich Middle East. Crude oil surged 3.1% higher Thursday on renewed fears about Middle East tensions following the latest flare up between Israel and Iran. Light, sweet crude for August delivery settled at $92.66 a barrel on the New York Mercantile Exchange, up $2.79. Brent crude on the ICE futures exchange was trading at $107.87 a barrel, up $2.71.Expected resistance and support levels for the crude JUL contract are:
TREND CONSOLIDATE
SUPPORT 1: 5009
SUPPORT 2: 4920
RESISTANCE 1: 5221
RESISTANCE 2: 5348
GOLD COMMODITY/MCX LEVELS 20 JULY 2012
GOLD (AUG): In Comex, gold for August delivery was up by $2 at $1,580 a troy ounce at 9.42 am. The movement of rupee against dollar will continue to dictate gold price trend in India. On the MCX, it may trade in a range of Rs 29,150 to Rs 29,270 per 10 grams. Gold futures on the Multi Commodity Exchange has closed marginally lower at Rs 29,158 per 10 grams on Thursday against the previous close of Rs 29,159.Résistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND CONSOLIDATE
SUPPORT 1: 29050
SUPPORT 2: 28960
RESISTANCE 1: 29250
RESISTANCE 2: 29332
SILVER COMMODITY/MCX LEVELS 20 JULY 2012
SILVER (SEP): Silver, meanwhile, is benefiting from increased demand, Commerzbank said in a note. Holdings in silver exchange-traded funds rose to nearly 575.1 million troy ounces, their highest level since May 2011, Commerzbank said in a note. Silver futures rose 0.5%, or 12.2 cents, to settle at $27.217 a troy ounce. Silver is Expected resistance and support levels for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 52386
SUPPORT 2: 52060
RESISTANCE 1: 52995
RESISTANCE 2: 53381
COPPER COMMODITY/MCX LEVELS 19 JULY 2012
COPPER (AUG): On the Comex in New York, copper futures for September delivery rose 0.5 percent to $3.474 a pound. On the London Metal Exchange, copper for delivery in three months climbed 0.6 percent to $7,637 a metric ton ($3.46 a pound).Copper held steady on Thursday after better-than-expected housing data from the United States and China, eased concerns over the impact on demand from a slowdown in the global economy. Expected resistance and support level for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 421.82
SUPPORT 2: 417.60
RESISTANCE 1: 429.92
RESISTANCE 2: 433.00
CRUDE COMMODITY/MCX LEVELS 19 JULY 2012
CRUDE OIL (JUL): Crude oil topped $90 a barrel for the first time since May as U.S. housing starts increased more than forecast and gasoline inventories fell. On the Nymex, oil futures for August delivery rose 0.7 percent to $89.87.Brent crude for September settlement gained 1.1 percent to $105.16 a barrel on the London-based ICE Futures Europe exchange. Expected resistance and support levels for the crude JUL contract are:
TREND CONSOLIDATE
SUPPORT 1: 4890
SUPPORT 2: 4805
RESISTANCE 1: 5039
RESISTANCE 2: 5120
GOLD COMMODITY/MCX LEVELS 19 JULY 2012
GOLD (AUG): Gold futures fell the most in a week after Federal Reserve Chairman Ben Bernanke provided no specific plans for more purchases of U.S. debt to bolster the economy. On the Comex, gold futures for August delivery fell 1.2 percent to $1,570.80 an ounce, the biggest drop since July 6.Résistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND CONSOLIDATE
SUPPORT 1: 29070
SUPPORT 2: 28960
RESISTANCE 1: 29263
RESISTANCE 2: 29370
SILVER COMMODITY/MCX LEVELS 19 JULY 2012
SILVER (SEP): Silver futures for September delivery dropped 0.8 percent to $27.095 an ounce. Silver ready declined by Rs 100 to Rs 52,400 per kg and weekly-based delivery by Rs 145 to Rs 52,725 per kg.Silver coins held steady at Rs 61,000 for buying and Rs 62,000 for selling of 100 pieces. Silver is Expected resistance and support levels for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 52346
SUPPORT 2: 51942
RESISTANCE 1: 53104
RESISTANCE 2: 53498
COPPER COMMODITY/MCX LEVELS 18 JULY 2012
COPPER (AUG): Copper traded higher on Wednesday in what traders described as a technical rebound following a fall of 1.2 percent in the prior session after U.S. Federal Reserve Chairman Ben Bernanke gave few concrete hints of future stimulus measures for the world's largest economy. Three-month copper on the London Metal Exchange had risen 1 percent to $7,668.75 per metric ton (1.1023 tons) by 2114 EDT, snapping two sessions of losses. Expected resistance and support level for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 418.78
SUPPORT 2: 414.87
RESISTANCE 1: 428.21
RESISTANCE 2: 432.17
COPPER COMMODITY/MCX LEVELS 18 JULY 2012
CRUDE OIL (JUL): Oil futures fell in early Asian trade on Wednesday, snapping five days of gains as U.S.Federal Reserve Chairman Ben Bernanke offered no signs of further monetary stimulus to boost growth in the world's biggest oil consumer. U.S. crude slipped 24 cents to $88.98 a barrel by 0012 GMT after settling 79 cents higher. Brent crude slipped 57 cents to $103.43 after ending 63 cents higher. .Expected resistance and support levels for the crude JUL contract are:
TREND CONSOLIDATE
SUPPORT 1: 4810
SUPPORT 2: 4730
RESISTANCE 1: 4990
RESISTANCE 2: 5090
GOLD COMMODITY/MCX LEVELS 18 JULY 2012
GOLD (AUG): Gold stayed put above $1,580 an ounce on Wednesday, after dropping in the previous session when the U.S. Federal Reserve Chairman Ben Bernanke disappointed gold bugs by offering no signs of imminent monetary stimulus measures. Spot gold was little changed at $1,581.64 an ounce by 0343 GMT, after losing about half a percent on Tuesday.
Gold has gained about 1 percent so far this year, after posting a 10-percent rise in 2011 on safe-haven flow as investors fretted about the euro zone debt crisis and a U.S. debt ceiling crisis. Résistance and support levels for the today’s session for Gold AUG contract 2012 are:
Gold has gained about 1 percent so far this year, after posting a 10-percent rise in 2011 on safe-haven flow as investors fretted about the euro zone debt crisis and a U.S. debt ceiling crisis. Résistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND CONSOLIDATE
SUPPORT 1: 29164
SUPPORT 2: 29070
RESISTANCE 1: 29396
RESISTANCE 2: 29492
SILVER COMMODITY/MCX LEVELS 18 JULY 2012
SILVER (SEP): Spot Silver prices declined 0.1 percent yesterday. However weakness in DX cushioned sharp fall in the prices. The white metal prices touched an intraday low of $26.9/oz and closed at $27.25/oz . In the first six months of the year, silver futures volumes dropped some 41 percent to 7.09 million contracts, according to CME data. Silver is Expected resistance and support levels for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 52472
SUPPORT 2: 52040
RESISTANCE 1: 53192
RESISTANCE 2: 53510
COPPER COMMODITY/MCX LEVELS 17 JULY 2012
COPPER (AUG): Copper rose on Tuesday, supported by hopes of more monetary stimulus from the U.S.Federal Reserve after weak retail sales data added to evidence the world's largest economy was slowing. Investors are eyeing Federal Reserve Chairman Ben Bernanke’s Congressional testimony for clues on whether the central bank will launch further easing measures to shore up the economy. Three-month copper on the London Metal Exchange inched up 0.4 percent to $7,725 per ton by 0143 GMT, after falling slightly by 0.1 percent in the previous session. Expected resistance and support level for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 419.70
SUPPORT 2: 414.30
RESISTANCE 1: 435.00
RESISTANCE 2: 438.00
CRUDE COMMODITY/MCX LEVELS 17 JULY 2012
CRUDE OIL (JUL): U.S. crude slipped toward $88per barrel early on Tuesday, snapping four days of gains on worries of a slowdown in demand after the International Monetary Fund cut its forecast for global economic growth and warned the outlook could dim further. U.S. oil slipped 30 cents to $88.13 a barrel by0009 GMT after settling $1.33 higher. Brent slipped 18 cents to $103.19.Expected resistance and support levels for the crude JUL contract are:
TREND CONSOLIDATE
SUPPORT 1: 4692
SUPPORT 2: 4615
RESISTANCE 1: 4920
RESISTANCE 2: 5090
GOLD COMMODITY/MCX LEVELS 17 JULY 2012
GOLD (AUG): Gold edged up in quiet trading on Monday as weak U.S. retail sales cut into the dollar's gains ahead of Federal Reserve Chairman Ben Bernanke's Congressional testimony which will provide the latest clue on U.S. monetary policies. Spot gold was up 0.2 percent at $1,592.69 an ounce by2:09 p.m. EDT (1809 GMT).U.S. COMEX gold futures for August delivery settled down 40 cents at $1,591.60 an ounce. Trading volume was around30 percent below its 30-day average, preliminary Reuter’s datashowed.Résistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND CONSOLIDATE
SUPPORT 1: 29020
SUPPORT 2: 28760
RESISTANCE 1: 29670
RESISTANCE 2: 30180
SILVER COMMODITY/MCX LEVELS 17 JULY 2012
SILVER (SEP): Silver, meanwhile, the standout performer of early 2011, will likely fail to revisit the peaks of last year as a dearth of fresh investment puts a heavy drag on prices. The metal, which has underperformed gold this year, will fail to match last year's average price of $35 an ounce, the poll respondents concluded. The median price forecast by the poll was $31.67 an ounce, rising a touch to $32.75 in 2013.Silver is Expected resistance and support levels for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 52060
SUPPORT 2: 51485
RESISTANCE 1: 53000
RESISTANCE 2: 53580
COPPER COMMODITY/MCX LEVELS 16 JULY 2012
COPPER (AUG) : Copper traders are the most bearish in six weeks on concern demand will slow in China, Europe and the US at a time when hedge funds are betting on lower prices. Copper fell 0.3% to $7,577 a tonne this year on the London Metal Exchange after slumping 21% last year. The MSCI World Index of equities gained 2% since the start of January and the S&P GSCI gauge of 24 commodities slid 4.6%.Resistance and support levels for the today’s session for Copper AUG contract 2012 are:
TREND CONSOLIDATE
SUPPORT1: 419.70
SUPPORT2:414.30
RESISTANCE1: 435.00
RESISTANCE2: 438.00
CRUDE COMMODITY/MCX LEVELS 16 JULY 2012
CRUDE OIL (JUL) – Oil rallied for a third day on Friday after China's economy expanded in line with expectations, easing concerns a slowdown in Europe was hurting a lot more than expected. Even though China's growth slowed for the sixth successive quarter, Asian shares and the euro extended their rally on Monday on signs steps Beijing had taken so far were underpinning the economy. Expected resistance and support levels for the crude JUL contract are:
TREND CONSOLIDATE
SUPPORT1: 4703
SUPPORT2: 4565
RESISTANCE1: 4820
RESISTANCE2: 4900
GOLD COMMODITY/MCX LEVELS 16 JULY 2012
GOLD (AUG) – Spot gold traded nearly flat at $1,590.59 an ounce by 0023 GMT, after rallying 1 percent on Friday. US gold futures contract for August was also little changed from Friday's close, standing at $1,590.50. Resistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND CONSOLIDATE
SUPPORT1: 29105
SUPPORT2: 28760
RESISTANCE1: 30180
RESISTANCE2: 30345
SLVER COMMODITY/MCX LEVELS 16 JULY 2012
SILVER (SEP) – Silver for July delivery was little changed at $28.925 an ounce. Silver is Expected resistance and support levels for today trade are as follows:
TREND CONSOLIDATE
SUPPORT1: 52060
SUPPORT2: 51485
RESISTANCE1: 53000
RESISTANCE2: 53580
COPPER COMMODITY/MCX LEVELS 13 JULY 2012
COPPER (AUG): London copper edged down on Thursday as investors closed positions on caution ahead of data on China's second-quarter growth that markets fear could be its slowest in more than three years. The data is due around 2200 EDT. Three-month copper on the London Metal Exchange inched down 0.3 percent to $7,535 per metric ton (1.1023 tons) by 2101 EDT, after rising 0.2 percent on Thursday, on track to end the week up 0.2 percent. Expected resistance and support level for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 419.77
SUPPORT 2: 415.63
RESISTANCE 1: 425.20
RESISTANCE 2: 427.90
CRUDE OIL COMMODITY/MCX LEVELS 13 JULY 2012
CRUDE OIL (JUL): Oil rose after the U.S. announced more sanctions on Iran, the second-biggest crude-producing member of the Organization of Petroleum Exporting Countries. Crude oil for August delivery increased 27 cents to settle at $86.08 a barrel on the New York Mercantile Exchange. Prices have decreased 13 percent this year. The Brent market is focused on the nearby maintenance that will hurt production.Expected resistance and support levels for the crude JUN contract are:
TREND CONSOLIDATE
SUPPORT1: 4700
SUPPORT2: 4605
RESISTANCE1: 4850
RESISTANCE2: 4930
GOLD COMMODITY/MCX LEVELS 13 JULY 2012
GOLD (AUG): Gold edged slightly higher right after China released its second-quarter growth data, which showed the world's second-largest economy grew at the slowest pace since early 2009 but may have stabilized. Gold could fall to $1,480 an ounce if it breaks the immediate support level at $1,520, he added. Spot gold was little changed at $1,570.14 an ounce by 0333 GMT, heading for a weekly decline of 0.8 percent. The U.S. gold futures contract for August delivery edged up 0.3 percent to $1,570.10.Résistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND BEARISH
SUPPORT1: 29110
SUPPORT2: 29030
RESISTANCE1: 29333
RESISTANCE2: 29501
SILVER COMMODITY/MCX LEVELS 13 JULY 2012
SILVER (SEP): Silver recovered on the bullion market today on fresh local buying at existing lower levels amid a better trend in overseas markets. silver ready rebounded by Rs 100 to Rs 52,300 per kg and weekly-based delivery by Rs 50 to Rs 52,585 per kg. The white metal had lost Rs 1000 in the previous two trading sessions. Meanwhile, silver coins continued to be asked around previous level of Rs 61,000 for buying and Rs 62,000 for selling of 100 pieces.Silver is Expected resistance and support levels for today trade are as follows:
TREND CONSOLIDATE
SUPPORT1: 52479
SUPPORT2: 51990
RESISTANCE1: 53489
RESISTANCE2: 53967
COPPER COMMODITY/MCX LEVELS 12 JULY 2012
COPPER (AUG): Copper futures for September delivery climbed 1.5 percent to settle at $3.4475 a pound on the Comex. Prices have fallen 1.4 percent this month on concern that slowing global economic growth will undercut demand. On the London Mercantile Exchange, copper for delivery in three months rose 0.7 percent to $7,540 a ton ($3.42 a pound). Copper rose for the second time in three days in New York after Chinese Premier Wan Jiabao signaled the government may increase spending to counter a slowdown. Expected resistance and support level for today trade are as follows:
TREND CONSOLIDATE
SUPPORT 1: 418.05
SUPPORT 2: 414.20
RESISTANCE 1: 425.15
RESISTANCE 2: 428.45
CRUDE COMMODITY/MCX LEVELS 12 JULY 2012
CRUDE OIL (JUL) : Futures climbed 2.3 percent as inventories fell 4.7 million barrels to 378.2 million last week, more than three times the decline forecast in a Bloomberg survey of analysts. Refineries operated at 92.7 percent of capacity, the highest rate since July 2007.Oil for August delivery advanced $1.90 to settle at $85.81 a barrel on the Nymex. Prices are down 13 percent this year.Expected resistance and support levels for the crude JUN contract are:
TREND CONSOLIDATE
SUPPORT1: 4700
SUPPORT2: 4620
RESISTANCE1: 4825
RESISTANCE2: 4920
GOLD COMMODITY/MCX LEVELS 12 JULY 2012
GOLD (AUG): Gold futures declined for a second day as the Federal Reserve failed to provide signals on plans for additional monetary stimulus to bolster the U.S. economy. Silver, platinum and palladium gained. Gold futures for August delivery fell 0.5 percent to $1,572.50 an ounce in electronic trading at 2:53 p.m. on the Comex in New York. The price settled earlier at $1,575.70, down 0.3 percent. Résistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND BEARISH
SUPPORT1: 29180
SUPPORT2: 29115
RESISTANCE1: 29368
RESISTANCE2: 29491
SILVER COMMODITY/MCX LEVELS 12 JULY 2012
SILVER (SEP): Silver futures for September delivery advanced 0.5 percent to close at $27.023 an ounce on the Comex. Globally, silver fell by 1.94% to USD 26.91 an ounce in New York yesterday.
Market analysts said apart from sluggish demand in the spot market, weakness in overseas markets also put pressure on the silver futures prices. Silver is Expected resistance and support levels for today trade are as follows:
TREND CONSOLIDATE
SUPPORT1: 52390
SUPPORT2: 51910
RESISTANCE1: 53110
RESISTANCE2: 53546
COPPER COMMODITY/MCX LEVELS 11 JULY 2012
COPPER (AUG): The European debt crisis and disappointing growth in the United States and China are worrisome, but the U.S. economy is still some way from needing more asset-buying stimulus, a U.S.Federal Reserve policymaker said on Tuesday. Three-month copper on the London Metal Exchange had inched up just 0.3 percent to $7,511.75 per ton by 0109GMT, after losing 0.9 percent on Tuesday. Expected resistance and support level for today trade are as follows:
TREND CONSOLIDATE
SUPPORT 1: 423.80
SUPPORT 2: 422.30
RESISTANCE 1: 426.60
RESISTANCE 2: 427.90
CRUDE COMMODITY/MCX LEVELS 11 JULY 2012
CRUDE OIL (JUL) : U.S. crude futures rose on Wednesday to trade above $84, regaining a little ground after falling more than 2 percent a day earlier on the back of an averted oil workers' strike in Norway and weak China crude import data. NYMEX crude for August delivery was up 29 cents at $84.20 barrel by 2331 GMT, after settling down $2.08 at $83.91 on Tuesday. Expected resistance and support levels for the crude JUN contract are:
TREND BULLISH
SUPPORT1: 4752
SUPPORT2: 4700
RESISTANCE1: 4834
RESISTANCE2: 4864
GOLD COMMODITY/MCX LEVELS 11 JULY 2012
GOLD (AUG): Spot gold firmed on Wednesday, after posting its biggest one-day decline since late June as a meeting of euro zone finance ministers disappointed some investors looking for more progress on resolving the region's debt crisis. Spot gold gained 0.4 percent to $1,574.50 an ounce by 10.49 p.m. EDT On Tuesday, after losing 1.4 percent on Tuesday. The U.S. gold futures contract for August delivery edged down 0.3 percent to $1,574.80.Resistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND CONSOLIDATE
SUPPORT1: 29591
SUPPORT2: 29525
RESISTANCE1: 29701
RESISTANCE2: 29745
SILVER COMMODITY/MCX LEVELS 11 JULY 2012
SILVER (SEP): Silver futures for September delivery fell 2 percent to $26.882 an ounce in New York. SILVER prices on MCX were trading lower. At 16:02 hrs MCX SILVER September contract was trading at Rs 53270.00 down Rs 274.00, or 0.51%. The SILVER rate touched an intraday high of Rs 53551.00 and an intraday low of Rs 53075.00. So far 18356 contracts have been traded. SILVER prices have moved down Rs 7130.00 or 11.80% in the September series so far. Silver is Expected resistance and support levels for today trade are as follows:
TREND CONSOLIDATE
SUPPORT1: 53285
SUPPORT2: 53026
RESISTANCE1: 53691
RESISTANCE2: 53838
COPPER COMMODITY/MCX LEVELS 9 JULY 2012
COPPER (AUG): London copper gained slightly on Monday, after dropping more than 2 percent in the prior session, as data showing China's inflation cooled further in June helped counter a bleak U.S. jobs report. Three-month copper on the London Metal Exchange edged up 0.3 percent to $7,550.25 per ton by 0158 GMT,snapping three sessions of losses. Expected resistance and support level for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 424.35
SUPPORT 2: 423.85
RESISTANCE 1: 425.35
RESISTANCE 2: 425.55
CRUDE OIL COMMODITY/MCX LEVELS 9 JULY 2012
CRUDE OIL (JUL) : Crude oil rose above $100 again following tension in Iran and a workers strike in Norway. Agri commodities continued their winning streak with corn, wheat and soybean leading the rally. Brent crude for August gained 62 cents, or 0.6 percent, to $98.81 a barrel on the London-based ICE Futures Europe exchange. The European benchmark’s premium to WTI was at $13.91, from $13.74 on July 6.Expectedresistance and support levels for the crude JUN contract are:
TREND BULLISH
SUPPORT 1: 4720
SUPPORT 2: 4706
RESISTANCE1: 4744
RESISTANCE2: 4755
GOLD COMMODITY/MCX LEVELS 9 JULY 2012
GOLD (AUG): Gold inched down on Monday, extending losses to a third session, on a lack of conviction the U.S. Federal Reserve would take measures to stimulate the economy anytime soon even after a disappointing jobs report.. Spot gold dropped to its lowest in almost two weeks of $1,575.89 an ounce, before recovering slightly to $1,580.09 an ounce by 0346 GMT.However, Reuter’s market analyst Wang Tao expects spot gold to fall to $1,540 an ounce during the day.U.S. Gold futures contract for August delivery was up 0.2 percent to $1,581.20. Resistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND CONSOLIDATE
SUPPORT 1: 29602
SUPPORT 2: 29587
RESISTANCE1: 29630
RESISTANCE2: 29645
SILVER COMMODITY/MCX LEVELS 9 JULY 2012
SILVER (SEP): Silver prices displayed marked volatility over the past week before recording a notable surge on Tuesday on the back of stronger equity prices. Silver’s flexibility as an industrial and precious metal has proven to be a double-edged sword and has contributed to a steep drop in the metal’s price over the second quarter. Last week’s closing price of $27.02 per ounce (oz) marked the metal’s largest quarterly loss in almost four years – down 19 percent for the period in comparison to a 7.2 percent decline in gold futures over the same period
Silver is Expected resistance and support levels for today trade are as follows:
TREND CONSOLIDATE
SUPPORT1: 53090
SUPPORT2: 53015
RESISTANCE1: 53230
RESISTANCE2: 53287
COPPER COMMODITY/MCX LEVELS 6 JULY 2012
COPPER (AUG): Three-month copper on the London Metal Exchange edged up 0.3 percent to $7,714.75 per metric ton (1.1023 tons) by 9.05 p.m. EDT on Thursday, on track to post a second consecutive week of gains this week. The most-active October copper contract on the Shanghai Futures Exchange edged up 0.1 percent to 56,030 Yuan ($8,800) per metric ton, on track to post a 1.9 percent rise on the week. Expected resistance and support level for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 425.80
SUPPORT 2: 422.25
RESISTANCE 1: 430.55
RESISTANCE 2: 433.55
CRUDE OIL (JUL) : Oil futures eased Thursday, as a stronger U.S. dollar and shrinking hopes for aggressive U.S. stimulus measures overshadowed an unexpectedly large decline in U.S. crude inventories. Light, sweet crude for August delivery fell 44 cents, or 0.5%, to settle at $87.22 a barrel on the New York Mercantile Exchange. Statoil said the shortfall in its production will be around 1.2 million barrels of oil equivalent a day..Expected resistance and support levels for the crude JUN contract are:
TREND BULLISH
SUPPORT1: 4752
SUPPORT2: 4728
RESISTANCE1: 4792
RESISTANCE2: 4808
GOLD (AUG): Gold remained on track for second straight week of gains on Friday, though it was little changed from the day before as investors waited for more U.S.jobs data to help gauge the health of the world's top economy and provide trading cues. Spot gold was little changed at $1,605.19 an ounce by0313 GMT on Friday, on course for a weekly rise of 0.4 percent. The U.S. gold futures contract for August delivery edged down 0.2 percent to $1,605.90.Technical analysis suggested that spot gold could fall to$1,586 an ounce during the day, said Reuters market analyst WangTao. Resistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND CONSOLIDATE
SUPPORT1: 29610
SUPPORT2: 29470
RESISTANCE1: 29850
RESISTANCE2: 29970
SILVER (SEP): Silver futures for September delivery slid 2.1 percent to $27.672 an ounce. Silver, the poor man’s gold, to average $38 an ounce in the fourth quarter this year and to average $42/oz in 2013, said Deutsche Bank, the largest bank in Germany, in a quarterly commodities research note.Silver is Expected resistance and support levels for today trade are as follows.
TREND CONSOLIDATE
SUPPORT1: 53627
SUPPORT2: 53523
RESISTANCE1: 53833
RESISTANCE2: 53935
COPPER COMMODITY/MCX LEVELS 5 JULY 2012
COPPER (AUG): While metal prices are likely be pressured by traders cutting long positions given an uncertain global demand outlook. Three-month copper on the London Metal Exchange edged down 0.1 percent to $7,719.25 per metric ton (1.1023 tons) by 9.15 p.m. EDT on Wednesday, after falling 1.2 percent in the prior session..Expected resistance and support level for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 424.20
SUPPORT 2: 422.00
RESISTANCE 1: 430.60
RESISTANCE 2: 434.70
CRUDE OIL COMMODITY/MCX LEVELS 5 JULY 2012
CRUDE OIL (JUL) : One day after surging more than 3 percent amid one of the biggest commodity-sector rallies ever, August Brent crude fell 91 cents to settle at $99.77 a barrel. NYMEX crude dipped 60 cents to $87.06 a barrel by 1745 GMT, with volumes thinned by the U.S. Independence Day holiday. Crude inventories tumbled by 3 million barrels in the week to June 29, well above the 1.9-million-barrel drawdown forecast by analysts, with Gulf Coast stocks off nearly 4.3 million barrels..Expected resistance and support levels for the crude JUN contract are:
TREND BULLISH
SUPPORT1: 4640
SUPPORT2: 4523
RESISTANCE1: 4838
RESISTANCE2: 4919
GOLD COMMODITY/MCX LEVELS 5 JULY 2012
GOLD (AUG): Gold held steady around USD 1,615 an ounce on Thursday, as the anticipation of a rate cut by the European Central Bank offset the impact of a stronger dollar. Spot gold was little changed at USD 1,614.79 an ounce by 0020 GMT.US gold futures contract for August delivery edged down 0.4% to USD 1,615.60.Resistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND CONSOLIDATE
SUPPORT1: 29399
SUPPORT2: 29325
RESISTANCE1: 29592
RESISTANCE2: 29711
SILVER COMMODITY/MCX LEVELS 5 JULY 2012
SILVER (SEP) : Silver for immediate delivery declined 0.5 percent to $28.125 an ounce..Some sees relative strength in silver as compared to gold. They advocates buying silver on dips at Rs 53,700 per kilogram with a stop loss of Rs 53,500 per kilogram for a target of 54,000-54,100 per kilogram on intraday basis.. Silver is Expected resistance and support levels for today trade are as follows:
TREND CONSOLIDATE
SUPPORT1: 53465
SUPPORT2: 53225
RESISTANCE1: 53922
RESISTANCE2: 54139
COPPER COMMODITY/MCX LEVELS 4 JULY 2012
COPPER (AUG): London copper edged down on Wednesday on a stronger dollar and as investors began to wonder if rcent measures announced by European leaders were enough to tackle the euro zone debt crisis. Three-month copper on the London Metal Exchange had fallen 0.6 percent to $7,772 per ton by 0138 GMT, after hitting a 7-week high on Monday and ending that session up 2.5percent.Expected resistance and support level for today trade are as follows.
Trend consolidate
Support 1: 425.30
Support 2: 423.80
Resistance 1: 428.80
Resistance 2: 430.90
CRUDE OIL (JUL) :Crude oil prices were mixed in Asia today with traders taking profit from an unexpected overnight rally as Iranian sabre-rattling against an European oil embargo supported prices. New York’s main contract, light sweet crude for delivery in August shed nine cents to $87.57 a barrel while Brent North Sea crude for August delivery gained 22 cents to $ 100.90.Expected resistance and support levels for the crude JUN contract are:
Trend bullish
Support 1: 4635
Support 2: 4520
Resistance 1: 4836
Resistance 2: 4915
GOLD (AUG): Gold hovered near a two-week high on Wednesday, helped by hopes central banks will ease monetary policy in a bid to nurture a fragile recovery in the global economy. Spot gold was little changed at $1,616.68 an ounce by 0320 GMT, after rising more than 4 percent since last Friday. It hit a two-week high of $1,624.70 in the previous session. The U.S. gold futures contract for August delivery edged down 0.3 percent to $1,617.30.Resistance and support levels for the today’s session for Gold AUG contract 2012 are:
Trend consolidate
Support 1: 29560
Support 2: 29460
Resistance 1: 29759
Resistance 2: 29858
SILVER (SEP) :Spot silver prices rose by 3.2 percent to $28.36 on Tuesday, tracking gold's gains. Prices remain near their 2012 lows, however, and are little changed so far this year.SILVERM prices on MCX were trading firm. MCX SILVERM contract was trading at Rs 53690.00 up Rs 146.00, or 0.27%. The SILVERM rate touched an intraday high of Rs 53790.00 and an intraday low of Rs 53530.00. So far 30207 contracts have been traded. SILVERM prices have moved down Rs 8006.00 or 12.98% in the August series so far. Silver is Expected resistance and support levels for today trade are as follows.
Trend consolidate
Support 1: 52235
Support 2: 51960
Resistance 1: 52740
Resistance 2: 52950
COPPER COMMODITY/MCX LEVELS 2 JULY 2012
COPPER (JUL): Three-month copper on the London Metal Exchange was down 0.8 percent at $7,630 per metric ton (1.1023 tons) by 9.15 p.m. EDT, after surging 4.1 percent on Friday - its largest single-day rise since Nov 30.The most-active October copper contract on the Shanghai Futures Exchange edged up 0.5 percent to 55,540 yuan ($8,700) per metric ton, catching up with London's gains and after rising 1.9 percent in the prior session. Expected resistance and support level for today trade are as follows.
TREND CONSOLIDATE
Support 1: 428.20
Support 2: 427.90
Resistance 1: 430.40
Resistance 2: 432.00
CRUDE OIL (JUL): U.S. crude lost 66 cents a barrel at $84.30 as of 0034 GMT. crude oil also declined 90 cents a barrel at $96.90.On Friday, Brent crude raised more than $6 a barrel while crude jumped by more than $7 - the fourth largest daily gains in dollar terms since the contracts were launched. Iraq's oil exports fell to 2.403 million barrels per day on average in June compared with 2.452 million bpd in May, the oil ministry said on Sunday. Expected resistance and support levels for the crude JUN contract are:
TREND CONSOLIDATE
Support 1: 4645.00
Support 2: 4676.70
Resistance 1: 4714.60
Resistance 2: 4732.00
GOLD (AUG): Gold prices edged down on Monday, taking a breather after a 3-percent rally in the previous session, as the initial euphoria over a euro zone deal to help its debt-laden members gave way to caution over its effectiveness. Spot gold edged down 0.3 percent to $1,592.51 an ounce by 0343 GMT. The precious metal posted a monthly gain of more than 2 percent in June, its first in five months.
US gold futures contract for August delivery lost 0.7 percent to $1,593.20. Resistance and support levels for the today’s session for Gold AUG contract 2012 are:
US gold futures contract for August delivery lost 0.7 percent to $1,593.20. Resistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND CONSOLIDATE
Support 1: 29647
Support 2: 29629
Resistance 1: 29691
Resistance 2: 29717
SILVER (JUL) – The move below 26.75 in silver signals further downside toward 26.00 where signs of base may emerge. The medium term outlook is neutral. MCX SILVERMIC June contract was trading at Rs 52086.00 up Rs 311.00, or 0.60%. The SILVERMIC rate touched an intraday high of Rs 52442.00 and an intraday low of Rs 51900.00. So far 38295 contracts have been traded. Silver is Expected resistance and support levels for today trade are as follows.
TREND CONSOLIDATE
Support 1: 51650
Support 2: 51820
Resistance 1: 52265
Resistance 2: 55545
COPPER COMMODITY/MCX LEVELS 29 JUNE 2012
COPPER (JUN): Supported by a firming trend overseas and a pick-up in domestic demand, copper prices today rose by 0.36% to Rs 421.55 per kg in futures trade.At the MCX, copper for delivery in June rose by Rs 1.50, or 0.36%, to Rs 421.55 per kg, with a turnover of 2,631 lots.Market analysts besides pick up in spot demand, a firming trend in metal at the LME on encouraging US economic data, led to a rise in copper futures prices here. Expected resistance and support level for today trade are as follows.
TREND CONSOLIDATE
SUPPORT 1: 414.00
SUPPORT 2: 417.00
RESISTANCE 1: 422.20
RESISTANCE 2: 424.40
CRUDE COMMODITY/MCX LEVELS 29 JUNE 2012
CRUDE OIL (JUL) Crude oil futures fell 3% on Thursday, heading for the worst quarterly performance since the 2008 financial debacle, on worries that an EU summit will not find durable solutions to the euro zone crisis, stifling global growth prospects. By 2:40 pm EDT (l840 GMT), Brent crude oil futures traded in London at USD 91.63, down USD 1.87, after having slid to a session low of USD 90.88.
CRUDE OIL (JUL) Crude oil futures fell 3% on Thursday, heading for the worst quarterly performance since the 2008 financial debacle, on worries that an EU summit will not find durable solutions to the euro zone crisis, stifling global growth prospects. By 2:40 pm EDT (l840 GMT), Brent crude oil futures traded in London at USD 91.63, down USD 1.87, after having slid to a session low of USD 90.88.
Expected resistance and support levels for the crude JUN contract are:
TREND CONSOLIDATE
SUPPORT1: 4540
SUPPORT2: 4481
RESISTANCE1: 4648
RESISTANCE2: 4697
GOLD COMMODITY/MCX LEVELS 29 JUNE 2012
GOLD (AUG) Gold extended losses as crude oil and U.S. equities tumbled after the Supreme Court upheld President Barak Osama’s healthcare law, which assesses a financial penalty to individuals who do not obtain health insurance. Spot gold was down 1.4 percent at $1,553.10 an ounce by 3:16 p.m. EDT (1916 GMT), having earlier hit a four-week low at $1,547.39. Resistance and support levels for the today’s session for Gold AUG contract 2012 are:
GOLD (AUG) Gold extended losses as crude oil and U.S. equities tumbled after the Supreme Court upheld President Barak Osama’s healthcare law, which assesses a financial penalty to individuals who do not obtain health insurance. Spot gold was down 1.4 percent at $1,553.10 an ounce by 3:16 p.m. EDT (1916 GMT), having earlier hit a four-week low at $1,547.39. Resistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND CONSOLIDATE
SUPPORT1: 29878
SUPPORT2: 29759
RESISTANCE1: 30127
RESISTANCE2: 30257
SILVER COMMODITY/MCX LEVELS 29 JUNE 2012
SILVER (JUL) – Silver, which has industrial uses that gold lacks, exceeded gold's losses Thursday. Silver is used in electronics, solar panels and photography. The July-delivery contract slumped 2.6% to settle at $26.247 an ounce. That is the lowest ending price since November 2010.. Silver is Expected resistance and support levels for today trade are as follows:
TREND CONSOLIDATE
SUPPORT1: 53717
SUPPORT2: 53329
RESISTANCE1: 54268
RESISTANCE2: 55151
