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COMMODITY TRADING LEVELS FOR 21 JUNE 2012


COPPER (JUN): Copper rose in London, rebounding from the longest losing streak since September, after China eased reserve requirements to stoke lending in the world’s biggest consumer of the metal. Copper for three-month delivery settled 0.7 percent higher at $8,235.50 a metric ton on the London Metal Exchange. Prices slid 6.7 percent over six sessions before today. Copper for May delivery rose 1.1 percent to $3.7565 a pound by 1:06 p.m. on the Comex in New York, where floor trading was closed today for the Presidents’ Day holiday..Expected resistance and support level for today trade are as follows.TREND BULLISH

Support 1: 414.60
Support 2: 406.85

Resistance 1: 428.40
Resistance 2: 433.55
CRUDE OIL (JUL) – Oil dropped to the lowest price in eight months in New York after U.S. stockpiles unexpectedly increased and a report signaled China’s manufacturing will shrink this month. Oil for August delivery slid as much as $1.24 to $80.21 a barrel, the lowest price for a front-month contract since Oct. 6, in electronic trading on the New York Mercantile Exchange. It was at $80.35 at 1:55 p.m. Sydney time. The July contract, which expired yesterday, fell $2.23 to $81.80. Futures are down 19 percent this year. Expected resistance and support levels for the crude JUN contract are:
TREND CONSOLIDATE

Support 1: 4565
Support 2: 4478

Resistance 1: 4770
Resistance 2: 4895

GOLD (AUG) –  Gold fell $28.82 to as low as $1590.78 just after the fed’s announcement before it climbed back above $1620 over the next couple of hours of trade, but it then fell back off into the close and ended with a loss of 0.82%.  Silver slipped to $27.73 just after the fed’s announcement before it also bounced back higher, but it then dropped again in late trade and ended with a loss of 1.23%.Resistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND BULLISH  

Support 1: 29990
Support 2: 29685

Resistance 1: 30430
Resistance 2: 30685
                                   
SILVER (JUL) – MCX SILVERMIC June contract was trading at Rs 54525.00 up Rs 48.00, or 0.09%. It touched an intraday high of Rs 54575.00 and an intraday low of Rs 54322.00. So far 36254 contracts have been traded. MCX SILVERMIC August contract was trading at Rs 55839.00 up Rs 22.00, or 0.04%. It touched an intraday high of Rs 55889.00 and an intraday low of Rs 55670.00. So far 5547 contracts have been traded.
Silver is Expected resistance and support levels for today trade are as follows.
TREND CONSOLIDATE

Support 1: 53820
Support 2: 53555

Resistance 1: 54870
Resistance 2: 55360

COMMODITY TRADING LEVELS FOR 15 JUNE 2012


COPPER (JUN) : Expected resistance and support level for today trade are as follows. 
TREND CONSOLIDATE

SUPPORT 1: 402.50
SUPPORT 2: 394.60

RESISTANCE 1: 417.90
RESISTANCE 2: 423.70

CRUDE OIL (JUN) – Expected resistance and support levels for the crude JUN contract are:
TREND CONSOLIDATE

SUPPORT1: 4565
SUPPORT2: 4520

RESISTANCE1: 4775
RESISTANCE2: 4880,

GOLD (AUG) –Resistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND CONSOLIDATE

SUPPORT1: 29670
SUPPORT2: 28985

RESISTANCE1: 30380
RESISTANCE2: 30555
                                   
SILVER (JUL) – 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

SUPPORT 1: 53820
SUPPORT2: 52820

RESISTANCE1: 55535
RESISTANCE2: 56530

COMMODITY TIPS 11 JUNE 2012

NATURAL GAS JUNE

SELL BELOW 125 FOR TARGET OF RS 124,122.75, 121.25 KEEP STOP LOSS AT 126.65

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COMMODITY TRADING LEVELS FOR 8 JUNE 2012

GOLD (AUG) – The ECB is expected to indicate a readiness to cut interest rates as soon as next month but hold back from policy moves, after a Group of Seven emergency conference call on Tuesday failed to produce any concrete solution. especially the U.S. Federal Reserve, after data showed a surprisingly weak job market. Resistance and support levels for the today’s session for Gold JUN contract which will expire IN JUNE 2012 are:

TREND CONSOLIDATE

SUPPORT 1: 28840

SUPPORT 2: 28265

RESISTANCE 1: 30380

RESISTANCE 2: 30555

SILVER (JUL) – Strengthening dollar is actually suppressing the white precious metal since last few sessions. Silver is Expected resistance and support levels for today trade are as follows:

TREND CONSOLIDATE

SUPPORT 1: 53320

SUPPORT 2: 52813

RESISTANCE 1: 55535

RESISTANCE 2: 56530

COPPER (JUN) – The ECB meeting comes a day after finance ministers from the world's seven major economies discussed financial and fiscal union in Europe and agreed to work together to deal with the problems in Spain and Greece, but took no joint action. Expected resistance and support level for today trade are as follows.

TREND CONSOLIDATE

SUPPORT 1: 402.50

SUPPORT 2: 394.60

RESISTANCE 1: 417.90

RESISTANCE 2: 423.70

CRUDE OIL (JUN) – U.S. and Europe indicated they may take steps to boost their economies and Iran signaled it will take a hard line in nuclear talks.. Expected resistance and support levels for the crude JUN contract are:

TREND BULLISH

SUPPORT 1: 4611

SUPPORT 2: 4522

RESISTANCE 1: 4730

RESISTANCE 2: 4820

COMMODITY TRADING LEVELS FOR 7 JUNE 2012

GOLD (AUG) –The ECB is expected to indicate a readiness to cut interest rates as
soon as next month but hold back from policy moves, after a Group of
Seven emergency conference call on Tuesday failed to produce any
concrete solution. Gold has held steady above $1,600 an ounce since it
rallied 4.3 percent last Friday, as investors expect further monetary
easing from the central banks, especially the U.S. Federal Reserve,
after data showed a surprisingly weak job market. Resistance and
support levels for the today’s session for Gold JUN contract which will
expire IN JUNE 2012 are:
TREND BULLISH 

SUPPORT 1: 29880
SUPPORT 2: 29635

RESISTANCE 1: 30380
RESISTANCE 2: 30555 

SILVER (JUL) –Strengthening dollar is actually suppressing the white precious metal
since last few sessions. Silver is Expected resistance and support
levels for today trade are as follows:
TREND BULLISH

SUPPORT 1: 53320
SUPPORT 2: 52813

RESISTANCE 1: 56535

RESISTANCE 2: 57530

COPPER (JUN) – Copper rose again, benefitting from a weaker dollar as investors looked to the European Central Bank for a possible solution to the euro zone debt crisis which has hurt raw material demand. The ECB meeting comes a day after finance ministers from the world's seven major economies discussed financial and fiscal union in Europe and agreed to work together to deal with the problems in Spain and Greece, but took no joint action. Expected resistance and support level for today trade are as follows:
TREND CONSOLIDATE

SUPPORT 1: 402.50

SUPPORT 2: 394.60

RESISTANCE 1: 417.90
RESISTANCE 2: 423.70

CRUDE OIL (JUN) – Oil advanced for a fourth day in New York as policy makers in the U.S. and Europe indicated they may take steps to boost their economies and Iran signaled it will take a hard line in nuclear talks.. Expected resistance and support levels for the crude JUN contract are:

TREND BULLISH

SUPPORT 1: 4626
SUPPORT 2: 4422

RESISTANCE 1: 4880
RESISTANCE 2: 4920

COMMODITY TRADING LEVELS FOR 6 JUNE 2012

GOLD (AUG) – The ECB is expected to indicate a readiness to cut interest rates as soon as next month but hold back from policy moves, after a Group of Seven emergency conference call on Tuesday failed to produce any concrete solution. Gold has held steady above $1,600 an ounce since it rallied 4.3 percent last Friday, as investors expect further monetary easing from the central banks, especially the U.S. Federal Reserve, after data showed a surprisingly weak job market. Resistance and support levels for the today’s session for Gold JUN contract which will expire IN JUNE 2012 are:

TREND CONSOLIDATE

SUPPORT 1: 29880
SUPPORT 2: 29635

RESISTANCE 1: 30160
RESISTANCE 2: 30380

SILVER (JUL) – Strengthening dollar is actually suppressing the white precious metal since last few sessions. Silver is Expected resistance and support levels for today trade are as follows.

TREND CONSOLIDATE

SUPPORT 1: 53320
SUPPORT 2: 52813

RESISTANCE 1: 54535
RESISTANCE 2: 55120

COPPER (JUN) – copper rose on Wednesday, its first trading day this week, benefitting from a weaker dollar as investors looked to the European Central Bank for a possible solution to the euro zone debt crisis which has hurt raw material demand. The ECB meeting comes a day after finance ministers from the world's seven major economies discussed financial and fiscal union in Europe and agreed towork together to deal with the problems in Spain and Greece, but took no joint action. 

Expected resistance and support level for today trade are as follows:

TREND CONSOLIDATE

SUPPORT 1: 402.50
SUPPORT 2: 394.60

RESISTANCE 1: 417.90
RESISTANCE 2: 423.70 

CRUDE OIL (JUN) – Crude futures settled slightly higher Tuesday as traders reacted to improving U.S. services-sector data and factored in an expected drop in oil inventories, while remaining cautious on the European debt crisis. Light, sweet crude for July delivery settled at $84.29 a barrel, up 31 cents, or 0.4%, on the New York Mercantile Exchange after wavering around $84 in early afternoon trading. For the year to date, the price of the front-month contract traded in New York is down almost 15%. Brent crude on the ICE Futures exchange traded one cent lower at $98.84 a barrel.

Expected resistance and support levels for the crude JUN contract are:

TREND CONSOLIDATE

SUPPORT 1: 4480
SUPPORT 2: 4345

RESISTANCE 1: 4732
RESISTANCE 2: 4870

COMMODITY TRADING LEVELS FOR 1 JUNE 2012

GOLD (JUN) –Gold had plummeted following a massive surge in the US dollar on worries of exit- Greece being ousted from Eurozone and returning to its old currency. Resistance and support levels for the today’s session for Gold JUN contract which will expire IN JUNE 2012 are:

TREND CONSOLIDATE

SUPPORT 1: 28830

SUPPORT 2: 28745

RESISTANCE 1: 29305

RESISTANCE 2: 29565

SILVER (JUL) – Strengthening dollar is actually suppressing the white precious metal since last few sessions. Silver is Expected resistance and support levels for today trade are as follows:

TREND CONSOLIDATE

SUPPORT 1: 53870

SUPPORT 2: 53650

RESISTANCE 1: 54870

RESISTANCE 2: 55120

COPPER (JUN) – Expected resistance and support level for today trade are as follows:

TREND BEARISH

SUPPORT 1: 413.65

SUPPORT 2: 408.90

RESISTANCE 1: 431.15

RESISTANCE 2: 432.00

CRUDE OIL (JUN) – Oil rose for a third day in New York as speculation that U.S. economic growth will boost fuel demand in the world’s biggest crude consumer countered concern Europe’s debt crisis will worsen..Expected resistance and support levels for the crude JUN contract are:

TREND BEARISH

SUPPORT 1: 4880

SUPPORT 2: 4745

RESISTANCE 1: 5132

RESISTANCE 2: 5270

COMMODITY TRADING LEVELS FOR 31 MAY 2012

GOLD (JUN) – MCX Gold surged above Rs. 29000 per 10 grams following gains in global prices as the metal continued to carve out an impressive recovery. The metal had rebounded from nearly four and half month lows of $1520 per ounce in the last week as safe haven buying finally came to the rescue of the commodity that has witnessed a free fall earlier. Gold had plummeted following a massive surge in the US dollar on worries of Grexit- Greece being ousted from Eurozone and returning to its old currency. Resistance and support levels for the today’s session for Gold JUN contract which will expire IN JUNE 2012 are:

TREND CONSOLIDATE

SUPPORT 1: 28830

SUPPORT 2: 28745

RESISTANCE 1: 29305

RESISTANCE 2: 29565

SILVER (JUL) – Strengthening dollar is actually suppressing the white precious metal since last few sessions. Silver is Expected resistance and support levels for today trade are as follows:

TREND CONSOLIDATE

SUPPORT 1: 53870

SUPPORT 2: 53650

RESISTANCE 1: 54870

RESISTANCE 2: 55120

COPPER (JUN) – Base metals were accentuating on Monday, 28th May as the signs that voters in Greece may back austerity measures needed for a European Union bailout coupled with the speculation that major metal consumer China may subsidizes vehicle purchases in rural areas in order to stimulate the sluggish growth within the economy weighing on the sentiment. But, the focus on Spain's rising bond yields following the announcement of bailout plans for troubled lender Bankia was curbing huge gains in the metal space.

Expected resistance and support level for today trade are as follows:

TREND CONSOLIDATE

SUPPORT 1: 417.25

SUPPORT 2: 413.65

RESISTANCE 1: 431.15

RESISTANCE 2: 432.00

CRUDE OIL (JUN) – Oil rose for a third day in New York as speculation that U.S. economic growth will boost fuel demand in the world’s biggest crude consumer countered concern Europe’s debt crisis will worsen..Expected resistance and support levels for the crude JUN contract are:

TREND BEARISH

SUPPORT 1: 4880

SUPPORT 2: 4745

RESISTANCE 1: 5132

RESISTANCE 2: 5270

COMMODITY TRADING LEVELS FOR 30 MAY 2012

COPPER (JUN) – Base metals were accentuating on Monday, 28th May as the signs that voters in Greece may back austerity measures needed for a European Union bailout coupled with the speculation that major metal consumer China may subsidizes vehicle purchases in rural areas in order to stimulate the sluggish growth within the economy weighing on the sentiment. But, the focus on Spain's rising bond yields following the announcement of bailout plans for troubled lender Bankia was curbing huge gains in the metal space.
Expected resistance and support level for today trade are as follows:

TREND BULLISH

SUPPORT 1: 422.40
SUPPORT 2: 417.25

RESISTANCE 1: 431.15
RESISTANCE 2: 432.00


CRUDE OIL (JUN) – Oil rose for a third day in New York as speculation that U.S. economic growth will boost fuel demand in the world’s biggest crude consumer countered concern Europe’s debt crisis will worsen..Expected resistance and support levels for the crude JUN contract are:

TREND BULLISH

SUPPORT 1: 4930
SUPPORT 2: 4880

RESISTANCE 1: 5170
RESISTANCE 2: 5270

GOLD (JUN) – MCX Gold surged above Rs. 29000 per 10 grams following gains in global prices as the metal continued to carve out an impressive recovery. The metal had rebounded from nearly four and half month lows of $1520 per ounce in the last week as safe haven buying finally came to the rescue of the commodity that has witnessed a free fall earlier. Gold had plummeted following a massive surge in the US dollar on worries of Grexit- Greece being ousted from Eurozone and returning to its old currency.  Resistance and support levels for the today’s session for Gold JUN contract which will expire IN JUNE 2012 are:

TREND CONSOLIDATE

SUPPORT 1: 28830
SUPPORT 2: 28745

RESISTANCE 1: 29190
RESISTANCE 2: 29305

SILVER (JUL) – Strengthening dollar is actually suppressing the white precious metal since last few sessions. Silver is Expected resistance and support levels for today trade are as follows:

TREND CONSOLIDATE

SUPPORT 1: 53800
SUPPORT 2: 53320

RESISTANCE 1: 55120
RESISTANCE 2: 56650

COMMODITY TRADING LEVELS FOR 29 MAY 2012

Expected resistance and support level for today trade are as follows.

TREND CONSOLIDATE

SUPPORT 1: 422.40

SUPPORT 2: 417.25

RESISTANCE 1: 430.70

RESISTANCE 2: 432.00

TREND CONSOLIDATE

SUPPORT 1: 4930

SUPPORT 2: 4880

RESISTANCE 1: 5170

RESISTANCE 2: 5270

TREND CONSOLIDATE

SUPPORT 1: 28745

SUPPORT 2: 28440

RESISTANCE 1: 29190

RESISTANCE 2: 29305

SILVER (JUL) – Strengthening dollar is actually suppressing the white precious metal since last few sessions. Silver is Expected resistance and support levels for today trade are as follows:

TREND CONSOLIDATE

SUPPORT 1: 53170

SUPPORT 2: 52820

RESISTANCE 1: 55119

RESISTANCE 2: 55505

COMMODITY TRADING LEVELS FOR 25 MAY 2012

COPPER (JUN) – Indian commodity futures market which witnessed rapid growth in trade volumes in the past few years has receded a bit in the first month of the current financial year (2012-13) with Forward Mraket Commission (FMC) data showing 10% decline. Expected resistance and support level for today trade are as follows:

TREND CONSOLIDATE

SUPPORT 1: 420.20

SUPPORT 2: 417.25

RESISTANCE 1: 430.70

RESISTANCE 2: 432.00

CRUDE OIL (JUN) – Bahrain oil production is expected to double to 100,000 barrels a day (bpd) from the current 50,000 bpd within five years, said Abdul-Hussain Ali Mirza, Bahrain’s energy minister. Expected resistance and support levels for the crude JUN contract are:

TREND CONSOLIDATE

SUPPORT 1: 4950

SUPPORT 2: 4880

RESISTANCE 1: 5170

RESISTANCE 2: 5305

GOLD (JUN) – Gold is getting hit by both dollar strength and the weak demand, since last 2 days.Resistance and support levels for the today’s session for Gold JUN contract which will expire IN JUNE 2012 are:

TREND CONSOLIDATE

SUPPORT 1: 28635

SUPPORT 2: 28271

RESISTANCE 1: 29167

RESISTANCE 2: 29305

SILVER (JUL) – Strengthening dollar is actually suppressing the white precious metal since last few sessions. Silver is Expected resistance and support levels for today trade are as follows:

TREND CONSOLIDATE

SUPPORT 1: 53170

SUPPORT 2: 52820

RESISTANCE 1: 55119

RESISTANCE 2: 55505

COMMODITY TRADING LEVELS FOR 24 MAY 2012

COPPER (JUN) – Indian commodity futures market which witnessed rapid growth in trade volumes in the past few years has receded a bit in the first month of the current financial year (2012-13) with Forward Mraket Commission (FMC) data showing 10% decline. Expected resistance and support level for today trade are as follows:

TREND CONSOLIDATE

SUPPORT 1: 420.20

SUPPORT 2: 417.25

RESISTANCE 1: 430.70

RESISTANCE 2: 432.00

TREND CONSOLIDATE

SUPPORT 1: 4950

SUPPORT 2: 4880

RESISTANCE 1: 5170

RESISTANCE 2: 5305

TREND CONSOLIDATE

SUPPORT 1: 28827

SUPPORT 2: 28271

RESISTANCE 1: 29167

RESISTANCE 2: 29305

SILVER (JUL) – Strengthening dollar is actually suppressing the white precious metal since last few sessions. Silver is Expected resistance and support levels for today trade are as follows:

TREND CONSOLIDATE

SUPPORT 1: 53170

SUPPORT 2: 52820

RESISTANCE 1: 55805

RESISTANCE 2: 56650

COMMODITY TRADING LEVELS FOR 23 MAY 2012

Gold (jun) - a short-covering rally that has been a long time coming finally arrived for gold, with chart support emerging in the low $1,500s, which supported the market twice in 2011,.resistance and support levels for the today’s session for gold jun contract which will expire in june 2012 are:

Trend bullish

Support 1: 28620

Support 2: 28570

Resistance 1: 29210

Resistance 2: 29305

Silver (jul) – united states mined silver production declined by 9% versus last year and was down 6% versus january’s levels, as per latest data released by the united states geological survey (usgs).silver is expected resistance and support levels for today trade are as follows.

Trend consolidate

Support 1: 53170

Support 2: 52820

Resistance 1: 55805

Resistance 2: 56650

Copper (jun) – indian commodity futures market which witnessed rapid growth in trade volumes in the past few years has receded a bit in the first month of the current financial year (2012-13) with forward mraket commission (fmc) data showing 10% decline. Expected resistance and support level for today trade are as follows.

Trend bullish

Support 1: 424.75

Support 2: 420.20

Resistance 1: 432.20

Resistance 2: 436.85

Crude oil (may) – bahrain oil production is expected to double to 100,000 barrels a day (bpd) from the current 50,000 bpd within five years, said abdul-hussain ali mirza, bahrain’s energy minister.expected resistance and support levels for the crude may contract are:

Trend consolidate

Support 1: 4980

Support 2: 4880

Resistance 1: 5170

Resistance 2: 5305

COMMODITY TRADING LEVELS FOR 22 MAY 2012

COPPER (JUN) – Indian commodity futures market which witnessed rapid growth in trade

volumes in the past few years has receded a bit in the first month of the current financial year (2012-13) with Forward Mraket Commission (FMC) data showing 10% decline. Expected resistance and support level for today trade are as follows.:

TREND BULLISH

SUPPORT 1: 413.65

SUPPORT 2: 418.10

RESISTANCE 1: 431.15

RESISTANCE 2: 436.85

CRUDE OIL (MAY) – Bahrain oil production is expected to double to 100,000 barrels a day (bpd) from the current 50,000 bpd within five years, said Abdul-Hussain Ali Mirza, Bahrain’s energy minister.Expected resistance and support levels for the crude MAY contract are:

TREND BEARISH

SUPPORT 1: 4980

SUPPORT 2: 4880

RESISTANCE 1: 5170

RESISTANCE 2: 5305

GOLD (JUN) - A short-covering rally that has been a long time coming finally arrived for gold, with chart support emerging in the low $1,500s, which supported the market twice in 2011,.Resistance and support levels for the today’s session for Gold JUN contract which will expire IN JUNE 2012 are:

TREND BULLISH

SUPPORT 1: 28880

SUPPORT 2: 28635

RESISTANCE 1: 29210

RESISTANCE 2: 29305

SILVER (JUL) – United States mined silver production declined by 9% versus last year and was down 6% versus January’s levels, as per latest data released by the United States Geological Survey (USGS).Silver is Expected resistance and support levels for today trade are as follows:

TREND CONSOLIDATE

SUPPORT 1: 53430

SUPPORT 2: 52820

RESISTANCE 1: 55805

RESISTANCE 2: 57430

COMMODITY TRADING LEVELS FOR 21 MAY 2012

COPPER (JUN) – Indian commodity futures market which witnessed rapid growth in trade volumes in the past few years has receded a bit in the first month of the current financial year (2012-13) with Forward Market Commission (FMC) data showing 10% decline. Expected resistance and support level for today trade are as follows:

TREND BEARISH

SUPPORT 1: 413.65

SUPPORT 2: 405.85

RESISTANCE 1: 428.75

RESISTANCE 2: 436.15

CRUDE OIL (MAY) – Bahrain oil production is expected to double to 100,000 barrels a day (bpd) from the current 50,000 bpd within five years, said Abdul-Hussain Ali Mirza, Bahrain’s energy minister. Expected resistance and support levels for the crude MAY contract are:

TREND BEARISH

SUPPORT 1: 4925

SUPPORT 2: 4815

RESISTANCE 1: 5155

RESISTANCE 2: 5275

TREND BULLISH

SUPPORT 1: 28280

SUPPORT 2: 27855

RESISTANCE 1: 29170

RESISTANCE 2: 29305

TREND BULLISH

SUPPORT 1: 53560

SUPPORT 2: 51200

RESISTANCE 1: 55095

RESISTANCE 2: 56135

COMMODITY TRADING LEVELS FOR 18 MAY 2012

COPPER (JUN) – Expected resistance and support level for today trade are as follows:

TREND BEARISH

SUPPORT 1: 413.65

SUPPORT 2: 405.85

RESISTANCE 1: 429.75

RESISTANCE 2: 426.15

CRUDE OIL (MAY) – Expected resistance and support levels for the crude MAY contract with expiry date of 19 APRIL 2012 are:

TREND BEARISH

SUPPORT 1: 4925

SUPPORT 2: 4815

RESISTANCE 1: 5155

RESISTANCE 2: 5275

GOLD (JUNE) - Resistance and support levels for the today’s session for Gold JUNE contract which will expire on JUNE 2012 are:

TREND BEARISH

SUPPORT 1: 28025

SUPPORT 2: 27910

RESISTANCE 1: 28230

RESISTANCE 2: 28385

SILVER (JUL) – On domestic front Silver’s Expected resistance and support levels for today trade are as follows:

TREND BEARISH

SUPPORT 1: 52825

SUPPORT 2: 52695

RESISTANCE 1: 53095

RESISTANCE 2: 53235

COMMODITY TRADING LEVELS FOR 17 MAY 2012

COPPER (JUN) – Expected resistance and support level for today trade are as follows:

TREND BEARISH

SUPPORT 1: 413.65

SUPPORT 2: 405.85

RESISTANCE 1: 429.75

RESISTANCE 2: 426.15

CRUDE OIL (MAY) – Expected resistance and support levels for the crude MAY contract with expiry date of 19 APRIL 2012 are:

TREND BEARISH

SUPPORT 1: 4925

SUPPORT 2: 4815

RESISTANCE 1: 5155

RESISTANCE 2: 5275

GOLD (JUNE) - Resistance and support levels for the today’s session for Gold JUNE contract which will expire on JUNE 2012 are:

TREND BEARISH

SUPPORT 1: 28025

SUPPORT 2: 27910

RESISTANCE 1: 28230

RESISTANCE 2: 28385

SILVER (JUL) – On domestic front Silver’s Expected resistance and support levels for today trade are as follows:

TREND BEARISH

SUPPORT 1: 52825

SUPPORT 2: 52695

RESISTANCE 1: 53095

RESISTANCE 2: 53235

COMMODITY TRADING LEVELS FOR 16 MAY 2012

COPPER (JUN) – The current copper market situation is weak, says Aurubis AG, Europe's biggest copper smelter. Smelter capacity utilization may remain at a lower level as the production of refined copper continues to be susceptible to disruptions. Expected resistance and support level for today trade are as follows:

TREND BEARISH

SUPPORT 1: 415.40

SUPPORT 2: 408.15

RESISTANCE 1: 429.35

RESISTANCE 2: 437.45

CRUDE OIL (MAY) – Weakness is occurring across all the five broad commodity sectors during the current quarter with losses particularly heavy in the agriculture and energy sectors. As of this week, total returns on benchmark commodity indices are down year to date. Consequently, commodities are slipping further down the league table in terms of asset class returns. Expected resistance and support levels for the crude may contract with expiry date of may 2012 are:

TREND BEARISH

SUPPORT 1: 4915

SUPPORT 2: 4805

RESISTANCE 1: 5185

RESISTANCE 2: 5315

GOLD (JUN) - Gold is trading at its lowest levels since December, but Morgan Stanley said that gold’s bull market “is not over” and that they are buyers of the metal at current prices. Resistance and support levels for the today’s session for Gold JUN contract which will expire in JUN 2012 are:

TREND BEARISH

SUPPORT 1: 28015

SUPPORT 2: 27895

RESISTANCE 1: 28265

RESISTANCE 2: 28385

SILVER (JUL) – The increasing industrial use of silver will help the metal outperform gold when it comes to precious metal investments, as the supply/demand fundamentals point to a continued scarcity of silver and ensure a shortage of supply in future which will end in the higher silver bullion prices, Silver is Expected resistance and support levels for today trade are as follows:

TREND BEARISH

SUPPORT 1: 52705

SUPPORT 2: 52545

RESISTANCE 1: 53155

RESISTANCE 2: 53295

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COMMODITY TRADING LEVELS FOR 15 MAY 2012

TREND BEARISH

SUPPORT 1: 419.50

SUPPORT 2: 414.25

RESISTANCE 1: 431.65

RESISTANCE 2: 438.95

TREND BEARISH

SUPPORT 1: 5015

SUPPORT 2: 4905

RESISTANCE 1: 5235

RESISTANCE 2: 5345

TREND BEARISH

SUPPORT 1: 28175

SUPPORT 2: 27965

RESISTANCE 1: 28465

RESISTANCE 2: 28585

TREND BEARISH

SUPPORT 1: 53445

SUPPORT 2: 53090

RESISTANCE 1: 54665

RESISTANCE 2: 54895

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COMMODITY TRADING LEVELS FOR 14 MAY 2012

COPPER (JUN) – London Metal Exchange base metal prices continued down trend on Thursday. Chinese copper imports saw a double digit decline Month-on-Month in April, latest data from the General Administration of Customs shows. China accounts for about 40% of global copper consumption. Expected resistance and support level for today trade are as follows:

TREND BEARISH

SUPPORT 1: 424.55

SUPPORT 2: 415.35

RESISTANCE 1: 439.75

RESISTANCE 2: 445.85

CRUDE OIL (MAY) – Contrary to market fears, crude oil is plentiful and prices have been spiking purely because of geopolitical reasons, the Organization of Petroleum Exporting Nations (OPEC) stated in its latest report. Expected resistance and support levels for the crude may contract with expiry date of may 2012 are:

TREND BEARISH

SUPPORT 1: 5075

SUPPORT 2: 4965

RESISTANCE 1: 5235

RESISTANCE 2: 5345

GOLD (JUN) - Gold’s fall to the $1,580-an-ounce level this week seems to have elicited a response from the two key physical markets of India and China. Weakness in the Indian rupee has negative implications for Indian gold demand. The dollar got as high as 53.913 rupees overnight, up nearly 23% since the late-July low. “Further INR weakness, which leads to higher gold prices in local currency terms, may keep interest in Indian gold jewelry at bay. Resistance and support levels for the today’s session for Gold JUN contract which will expire in JUN 2012 are:

TREND BEARISH

SUPPORT 1: 28245

SUPPORT 2: 28065

RESISTANCE 1: 28545

RESISTANCE 2: 28785

SILVER (JUL) – The increasing industrial use of silver will help the metal outperform gold when it comes to precious metal investments, as the supply/demand fundamentals point to a continued scarcity of silver and ensure a shortage of supply in future which will end in the higher silver bullion prices, Silver is Expected resistance and support levels for today trade are as follows:

TREND BEARISH

SUPPORT 1: 53645

SUPPORT 2: 53090

RESISTANCE 1: 54565

RESISTANCE 2: 54995

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COMMODITY TRADING TIPS FOR 11 MAY 2012

TREND BEARISH

SUPPORT 1: 429.55

SUPPORT 2: 423.35

RESISTANCE 1: 440.75

RESISTANCE 2: 446.85

TREND BEARISH

SUPPORT 1: 5075

SUPPORT 2: 4965

RESISTANCE 1: 5295

RESISTANCE 2: 5385

TREND BEARISH

SUPPORT 1: 28275

SUPPORT 2: 28065

RESISTANCE 1: 28595

RESISTANCE 2: 28685

TREND BEARISH

SUPPORT 1: 54245

SUPPORT 2: 53790

RESISTANCE 1: 54765

RESISTANCE 2: 54995

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COMMODITY TRADING LEVELS FOR 9 MAY 2012

COPPER (JUNE) – European debt crisis woes resurfaced into the global financial markets. The political and economic turmoil in the European countries propelled investors to sell off the risky assets and favoring the safe haven dollar. Greece elections were creating major riots in the financial markets. But, the fleeted glimpse of jump in factory orders of Germany solacing metals from its huge fall. The decline in LME inventories of Copper might curb huge losses in the metal. Expected resistance and support level for today trade are as follows:

TREND CONSOLIDATE

SUPPORT 1: 431.35

SUPPORT 2: 455.85

RESISTANCE 1: 441.75

RESIST ANCE2: 445.15

CRUDE OIL (MAY) – Japan is reportedly considering to provide sovereign guarantees to its oil tankers so that it could continue importing oil from Iran after the EU sanctions comes into effect on July 01, 2012. Japan is Iran's major customer. India' crude oil imports reached 172.11MMT in 2011-12, with a 5% increase from that of 163.59 MMT in 2010-11. Expected resistance and support levels for the crude may contract with expiry date of 19 MAY 2012 are:

TREND BEARISH

SUPPORT 1: 5075

SUPPORT 2: 4995

RESISTANCE 1: 5305

RESISTANCE 2: 5415

GOLD (JUNE) – Removal of an excise tax on gold by the Indian government is a step toward recovery of Indian gold demand. Resistance and support levels for the today’s session for Gold June contract which will expire on June 2012 are:

TREND CONSOLIDATE

SUPPORT 1: 28485

SUPPORT 2: 28310

RESISTANCE 1: 28760

RESISTANCE 2: 28855

SILVER (JUL) – The increasing industrial use of silver will help the metal outperform gold when it comes to precious metal investments, as the supply/demand fundamentals point to a continued scarcity of silver and ensure a shortage of supply in future which will end in the higher silver bullion prices. Silver’s Expected resistance and support levels for today trade are as follows:

TREND BEARISH

SUPPORT 1: 55005

SUPPORT 2: 54910

RESISTANCE 1: 55275

RESISTANCE 2: 55385

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COMMODITY TRADING LEVELS FOR 8 MAY 2012

COPPER (JUNE) – The political uncertainties in Europe due to the election in the major economies France and Greece rattled the metal market during the opening session on Monday, 7th May. It ignited the fears of investors that European austerity measures will falter and need additional stimulus to prop-up the region's economies. LME is closed today on public holiday.Comex Copper future for the most active July contract was trading flat at $3.718 a pound on Monday. SHFE Copper future for most active August 2012 contract settled at 57530 yuan per tonne, down by 1.1% (620 yuan). Likewise at MCX, Copper for delivery in June was plunged by 1% or Rs. 4.4 at Rs. 435.9 per kg. Expected resistance and support level for today trade are as follows:

TREND CONSOLIDATE

SUPPORT 1: 439.35

SUPPORT 2: 435.85

RESISTANCE 1: 449.75

RESISTANCE 2: 454.15

TREND BEARISH

SUPPORT 1: 5105

SUPPORT 2: 5015

RESISTANCE 1: 5305

RESISTANCE 2: 5415

GOLD (JUNE) – Gold slipped yesterday, following a mega rally in the US dollar as global investors eyed the change in French presidency and a sell off in world markets took a toll on the yellow metal. The US dollar rose to its four-month highs against the Euro today, after European voters rejected pro-austerity candidates in weekend elections. Gold had dropped last week and today's losses meant that a brief bounce after Friday's non-farm payrolls data proved momentary. Resistance and support levels for the today’s session for Gold June contract which will expire on June 2012 are:

TREND CONSOLIDATE

SUPPORT 1: 28825

SUPPORT 2: 28710

RESISTANCE 1: 29040

RESISTANCE 2: 29155

TREND BEARISH

SUPPORT 1: 55725

SUPPORT 2: 55610

RESISTANCE 1: 55975

RESISTANCE 2: 56085

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COMMODITY TRADING LEVELS FOR 4 MAY 2012

Gold (June) overview:

Trend consolidate

Support 1: 28925

Support 2: 28810

Resist 1: 29240

Resist 2: 29355

Silver (May) overview:

Trend bearish

Support 1: 55025

Support 2: 54910

Resist 1: 55275

Resist 2: 55385

Copper (May) overview:

Trend bullish

Support 1: 439.35

Support 2: 435.85

Resist 1: 449.75

Resist 2: 454.15

Crude (May) overview:

Trend bullish

Support 1: 5415

Support 2: 5305

Resist 1: 5605

Resist 2: 5715

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COMMODITY TRADING LEVELS FOR 3RD MAY 2012

GOLD (JUNE) –

COMEX Gold remained in a thin range today after hitting two-week highs in the last session as a jump in the US dollar following Spanish economic fears and the euro zone's inflation data capped the upside for the metal. The commodity rose well above $1660 per ounce in the last session, adding to prior gains on follow up buying and ideas that global central bankers would continue to execute money printing operations and debase their currencies. The local MCX Gold futures for June delivery are quoting at Rs. 29161, up Rs. 52 per kg on the day. The counter had edged up towards Rs. 29200 in intraday moves but failed to break above the same. Resistance and support levels for the today’s session for Gold June contract which will expire on June 2012 are:

TREND BULLISH

SUPPORT 1: 29075

SUPPORT 2: 28965

RESISTANCE 1: 29295

RESISTANCE 2: 29385

SILVER (MAY) – Investors are losing their interest in gold and are putting their money in silver, latest data released by the London Bullion Market Association (LBMA) shows. LBMA represents the wholesale over-the-counter market for gold and silver in London. Silver’s Expected resistance and support levels for today trade are as follows:

TREND CONSOLIDATE

SUPPORT 1: 55205

SUPPORT 2: 55095

RESISTANCE 1: 55265

RESISTANCE 2: 55395
COPPER (JUNE) – The Chinese inventories have been easing off late, world markets have been supported by the shrinking LME inventories, which are currently at their lowest level since November 2008. The red metal, which hit its three-week high last week, eased today as Spanish economy contracted 0.3% in the first quarter of 2012- the second straight quarter of economic decline and entered into a recession. Expected resistance and support level for today trade are as follows:

TREND BULLISH

SUPPORT 1: 440.55

SUPPORT 2: 436.35

RESISTANCE 1: 449.75

RESISTANCE 2: 455.85

CRUDE OIL (MAY) – International oil price politics have returned to the frontage, including obvious pressure from consuming governments for policy actions to dampen the oil market. Among the most prominent of those caught in the middle of this renewed flaring of oil price politics is of course Saudi Arabia. Expected resistance and support levels for the crude may contract with expiry date of 19 MAY 2012 are:

TREND BULLISH

SUPPORT 1: 5505

SUPPORT 2: 5415

RESISTANCE 1: 5695

RESISTANCE 2: 5785

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GOLD (JUNE) – COMEX Gold remained in a thin range today after hitting two-week highs in the last session as a jump in the US dollar following Spanish economic fears and the euro zone's inflation data capped the upside for the metal. The commodity rose well above $1660 per ounce in the last session, adding to prior gains on follow up buying and ideas that global central bankers would continue to execute money printing operations and debase their currencies. The local MCX Gold futures for June delivery are quoting at Rs. 29161, up Rs. 52 per kg on the day. The counter had edged up towards Rs. 29200 in intraday moves but failed to break above the same. Resistance and support levels for the today’s session for Gold June contract which will expire on June 2012 are:

TREND BULLISH

SUPPORT 1: 29015

SUPPORT 2: 28925

RESISTANCE 1: 29225

RESISTANCE 2: 29335

SILVER (MAY) – Investors are losing their interest in gold and are putting their money in silver, latest data released by the London Bullion Market Association (LBMA) shows. LBMA represents the wholesale over-the-counter market for gold and silver in London. Silver’s Expected resistance and support levels for today trade are as follows:

TREND CONSOLIDATE

SUPPORT 1: 55205

SUPPORT 2: 55095

RESISTANCE 1: 55465

RESISTANCE 2: 55595

COPPER (JUNE) – The Chinese inventories have been easing off late, world markets have been supported by the shrinking LME inventories, which are currently at their lowest level since November 2008. The red metal, which hit its three-week high last week, eased today as Spanish economy contracted 0.3% in the first quarter of 2012- the second straight quarter of economic decline and entered into a recession. Expected resistance and support level for today trade are as follows:

TREND BULLISH

SUPPORT 1: 444.55

SUPPORT 2: 441.35

RESISTANCE 1: 430.75

RESISTANCE 2: 433.85

TREND BULLISH

SUPPORT 1: 5505

SUPPORT 2: 5415

RESISTANCE 1: 5695

RESISTANCE 2: 5785

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COMMODITY TRADING LEVELS FOR 30 APRIL 2012

GOLD (JUNE) –Gold rose well above $1660 per ounce today, adding to the prior session's gains on follow up buying and ideas that global central bankers would continue to execute money printing operations and debase their currencies. MCX Gold futures for June have broken above Rs. 29000 per 10 grams and currently trade at Rs. 29103, up Rs. 73 per 10 grams on the day. Resistance and support levels for the 2012 are:

SUPPORT 1: 29015

SUPPORT 2: 28925

RESISTANCE 1: 29225

RESISTANCE 2: 29335

SUPPORT 1: 55705

SUPPORT 2: 55595

RESISTANCE 1: 55965

RESISTANCE 2: 56095

COPPER (APR) – Base metals accentuated and headed for the second consecutive weekly gains on Friday, 27th April. The rise in global equities and euro helped the metals to extend its gains and improved the risk appetite. Likewise at MCX, Copper for delivery in April was trading higher by 0.3% or Rs. 1.35 at Rs. 437.55 per kg. Expected resistance and support level for today trade are as follows:

SUPPORT 1: 441.55

SUPPORT 2: 437.35

RESISTANCE 1: 447.45

RESISTANCE 2: 450.85

CRUDE OIL (May) – International oil price politics have returned to the frontage, including obvious pressure from consuming governments for policy actions to dampen the oil market. Among the most prominent of those caught in the middle of this renewed flaring of oil price politics is of course Saudi Arabia. Expected resistance and support levels for the crude may contract with expiry date of 19 APRIL 2012 are:

SUPPORT 1: 5425

SUPPORT 2: 5305

RESISTANCE 1: 5615

RESISTANCE 2: 5705

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COMMODITY TRADING LEVELS FOR 20 APRIL 2012

GOLD (JUNE) - Gold’s ability to edge higher at the start of the week is impressive considering the lack of retail jewelry demand in India due to a protest by jewelers. Resistance and support levels for the today’s session for Gold JUNE contract which will expire on JUNE 2012 are:

SUPPORT 1: 28525

SUPPORT 2: 28410

RESISTANCE 1: 28720

RESISTANCE 2: 28820

SILVER (MAY) – On domestic front Silver’s Expected resistance and support levels for today trade are as follows:

SUPPORT 1: 56425

SUPPORT 2: 56310

RESISTANCE 1: 56625

RESISTANCE 2: 56735

COPPER (APR) – Expected resistance and support level for today trade are as follows:

SUPPORT 1: 415.35

SUPPORT 2: 411.85

RESISTANCE 1: 420.75
RESISTANCE 2: 423.15

CRUDE OIL (MAY) – Crude Oil prices have been rising for several months amid an EU states' boycott of oil supplies from Iran. Oil traders are also concerned about the possibility of a future war with Iran as well as wider political instability in the Middle East, including the crisis in Syria. Expected resistance and support levels for the crude APR contract with expiry date of 19TH MAY 2012 are:

SUPPORT 1: 5235

SUPPORT 2: 5105

RESISTANCE 1: 5415

RESISTANCE 2: 5515

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COMMODITY TRADING LEVELS FOR 18 APRIL 2012

SUPPORT 1: 28425

SUPPORT 2: 28310

RESISTANCE 1: 28685

RESISTANCE 2: 28720

SILVER (MAY) – On domestic front Silver’s Expected resistance and support levels for today trade are as follows:

SUPPORT 1: 55925

SUPPORT 2: 55810

RESISTANCE 1: 56125

RESISTANCE 2: 56235

COPPER (APR) – Expected resistance and support level for today trade are as follows:

SUPPORT 1: 413.35

SUPPORT 2: 410.85

RESISTANCE 1: 418.75

RESISTANCE 2: 422.15

CRUDE OIL (APR) – Crude Oil prices have been rising for several months amid an EU states' boycott of oil supplies from Iran. Oil traders are also concerned about the possibility of a future war with Iran as well as wider political instability in the Middle East, including the crisis in Syria. Expected resistance and support levels for the crude APR contract with expiry date of 19 APRIL 2012 are:

SUPPORT 1: 5235

SUPPORT 2: 5105

RESISTANCE 1: 5415

RESISTANCE 2: 5515

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COMMODITY TRADING LEVELS FOR 17 APRIL 2012

COPPER (APR) – Expected resistance and support level for today trade are as follows:

SUPPORT 1: 410.35

SUPPORT 2: 406.85

RESISTANCE 1: 418.75

RESISTANCE 2: 422.15

SUPPORT 1: 5235

SUPPORT 2: 5095

RESISTANCE 1: 5415

RESISTANCE 2: 5515

SUPPORT 1: 28325

SUPPORT 2: 28210

RESISTANCE 1: 28585

RESISTANCE 2: 28690

SILVER (MAY) – On domestic front Silver’s Expected resistance and support levels for today trade are as follows:

SUPPORT 1: 55925

SUPPORT 2: 55810

RESISTANCE 1: 56125

RESISTANCE 2: 56235

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COMMODITY TRADING LEVELS FOR 17 APRIL 2012

SUPPORT 1: 28425

SUPPORT 2: 28310

RESISTANCE 1: 28685

RESISTANCE 2: 28765

SILVER (MAY) – On domestic front Silver’s Expected resistance and support levels for today trade are as follows:

SUPPORT 1: 55825

SUPPORT 2: 55710

RESISTANCE 1: 55025

RESISTANCE 2: 56135

COPPER (APR) – Expected resistance and support level for today trade are as follows:

SUPPORT 1: 410.35

SUPPORT 2: 406.85

RESISTANCE 1: 418.75

RESISTANCE 2: 422.15

SUPPORT 1: 5235

SUPPORT 2: 5095

RESISTANCE 1: 5415

RESISTANCE 2: 5515

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COMMODITY TRADING LEVELS FOR 16 APRIL 2012

SUPPORT 1: 28425

SUPPORT 2: 28310

RESISTANCE 1: 28685

RESISTANCE 2: 28765

SILVER (MAY) – From the economic data front as well we can see the US releases may come up with a good signal to the economy. However, an increase in jobless claims due to slash in government jobs might pressurize the dollar. So, silver is likely to remain strong for the day and hence, we recommend remaining long for the metal for the day. On domestic front Silver’s Expected resistance and support levels for today trade are as follows:

SUPPORT 1: 55725

SUPPORT 2: 55610

RESISTACE 1: 55995

RESISTANCE 2: 56095

COPPER (APR) – Expected resistance and support level for today trade are as follows:

SUPPORT 1: 407.35

SUPPORT 2: 402.85

RESISTANCE 1: 418.75

RESISTANCE 2: 424.15

SUPPORT 1: 5235

SUPPORT 2: 5095

RESISTANCE 1: 5395

RESISTANCEE 2: 5515

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COMMODITY TRADING LEVELS FOR 13 APRIL 2012

COPPER (APR) – Expected resistance and support level for today trade are as follows:

SUPPORT 1: 418.35

SUPPORT 2: 415.85

RESISTANCE 1: 425.75

RESISTANCE 2: 427.15

SUPPORT 1: 5190

SUPPORT 2: 5085

RESISTANCE 1: 5395

RESISTANCE 2: 5515

SUPPORT 1: 28625

SUPPORT 2: 28510

RESISTANCE 1: 28835

RESISTANCE 2: 28945

SUPPORT 1: 56825

SUPPORT 2: 56710

RESISTANCE 1: 57095

RESISTANCE 2: 57215

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COMMODITY TRADING LEVELS FOR 12 APRIL 2012

COPPER (APR) – Expected resistance and support level for today trade are as follows:

SUPPORT 1: 413.35

SUPPORT 2: 411.85

RESISTANCE 1: 417.75

RESISTANCE 2: 419.15

CRUDE OIL (APR) – Crude Oil prices have been rising for several months amid an EU states' boycott of oil supplies from Iran. Oil traders are also concerned about the possibility of a future war with Iran as well as wider political instability in the Middle East, including the crisis in Syria. Expected resistance and support levels for the crude APR contract with expiry date of 19 APRIL 2012 are:

SUPPORT 1: 5190

SUPPORT 2: 5085

RESISTANCE 1: 5415

RESISTANCE 2: 5510

GOLD (JUNE) - Gold’s ability to edge higher at the start of the week is impressive considering the lack of retail jewelry demand in India due to a protest by jewelers. Resistance and support levels for the today’s session for Gold JUNE contract which will expire on JUNE 2012 are:

SUPPORT 1: 28525

SUPPORT 2: 28410

RESISTANCE 1: 28715

RESISTANCE 2: 28835

SILVER (MAY) – From the economic data front as well we can see the US releases may come up with a good signal to the economy. However, an increase in jobless claims due to slash in government jobs might pressurize the dollar. So, silver is likely to remain strong for the day and hence, we recommend remaining long for the metal for the day. On domestic front Silver’s Expected resistance and support levels for today trade are as follows:

SUPPORT 1: 55925

SUPPORT 2: 55710

RESISTANCE 1: 56195

RESISTANCE 2: 56315

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COMMODITY TRADING LEVELS 11 MARCH 2012

COPPER (FEB) – Copper is likely to trade with negative bias during the morning session on Thursday, 16th February as renewed worries over the Greece second bailout which was delayed conspired with the with Moody's warning that it could downgrade the credit rating of 17 global banks and securities firms dampening the sentiment. Copper is likely to find support at Rs. 410 per kg and Rs. 406 per kg and resistance at Rs. 421 per kg and Rs. 425 per kg. Expected resistance and support level for today trade are as follows.

SUPPORT 1: 410.55

SUPPORT 2: 406.65

RESIST 1: 421.45

RESIST 2: 425.85

CRUDE OIL (FEB) – Crude oil prices are also expected to trade higher but sharp gains will be capped if the weekly inventories rise as per expectations. Expected resistance and support levels for the crude Dec contract with expiry date of 20 FEB 2012 are:

SUPPORT 1: 4965

SUPPORT 2: 4905

RESIST 1: 5075

RESIST 2: 5135

GOLD (APR) - On account of dollar weakness and high risk appetite, we expect precious metals and base metals to trade on an upbeat note today., Resistance and support levels for the today’s session for Gold FEB contract which will expire on 5^th APR 2012 are:

SUPPORT 1: 27995

SUPPORT 2: 27775

RESIST 1: 28375

RESIST 2: 28585

SILVER (MAR) – Bullish undertone in global bullion prices and plenty of buying support and gains in global equities as helping push the white metal up. Silver is Expected resistance and support levels for today trade are as follows.

SUPPORT 1: 56250

SUPPORT 2: 56145

RESIST 1: 56475

RESIST 2: 56595

COMMODITY TRADING LEVELS 30 MARCH 2012

Gold – Trend consolidate

Support 1:27740

Support 2:27310

Resistance 1:28425

Resistance 2:28945

Silver – Trend Consolidate

Support 1:55890

Support 2: 54650

Resistance 1: 58000

Resistance 2: 58490

Copper –Trend Consolidate

Support 1:428

Support 2: 424.50

Resistance 1: 435

Resistance 2: 440.50

Crude Oil –Trend Bearish

Support 1:5180

Support 2: 5095

Resistance 1: 5390

Resistance 2: 5500

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COMMODITY TRADING LEVELS FOR 29 MARCH 2012

GOLD (APR) - Resistance and support levels for the today’s session for Gold APR contract which will expire on 5^th APR 2012 are:

SUPPORT 1: 56465

SUPPORT 2: 56310

RESISTANCE 1: 56695

RESISTANCE 2: 56775

SILVER (MAY) – On domestic front Silver’s Expected resistance and support levels for today trade are as follows:

SUPPORT 1: 895.65

SUPPORT 2: 892.25

RESISTANCE 1: 903.55

RESISTANCE 2: 908.85

COPPER (APR) – Most of the metals barring Copper are in surplus situation and with Chinese production improving that will only amplify to the already higher productivity levels. Expected resistance and support level for today trade are as follows:

SUPPORT 1: 428.35

SUPPORT 2: 425.85

RESISTANCE 1: 432.75

RESISTANCE 2: 435.15

CRUDE OIL (APR) – Crude oil settled with minimal gains on the back of rising inventory levels and crisis in Europe lingering. Expected resistance and support levels for the crude March contract with expiry date of 19 APRIL 2012 are:

SUPPORT 1: 28025

SUPPORT 2: 27950

RESISTANCE 1: 28265

RESISTANCE 2: 28395

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COMMODITY TRADING LEVELS FOR 28 MARCH 2012

COPPER (APR) – Most of the metals barring Copper are in surplus situation and with Chinese production improving that will only amplify to the already higher productivity levels. Expected resistance and support level for today trade are as follows.

SUPPORT 1: 439.35

SUPPORT 2: 443.85

RESISTANCE 1: 435.75

RESISTANCE 2: 432.85

CRUDE OIL (APR) – Crude oil settled with minimal gains on the back of rising inventory levels and crisis in Europe lingering. Expected resistance and support levels for the crude March contract with expiry date of 19 APRIL 2012 are:

SUPPORT 1: 5355

SUPPORT 2: 5245

RESISTANCE 1: 5585

RESISTANCE 2: 5695

GOLD (APR) - Resistance and support levels for the today’s session for Gold APR contract which will expire on 5^th APR 2012 are:

SUPPORT 1: 28165

SUPPORT 2: 28050

RESISTANCE 1: 28365

RESISTANCE 2: 28495

SILVER (MAY) – On domestic front Silver’s Expected resistance and support levels for today trade are as follows.

SUPPORT 1: 57365

SUPPORT 2: 57210

RESISTANCE 1: 57595

RESISTANCE 2: 57675

COMMODITY TRADING LEVELS FOR 27 MARCH 2012

GOLD (APR) - Resistance and support levels for the today’s session for Gold APR contract which will expire on 5^th APR 2012 are:

SUPPORT 1: 27265

SUPPORT 2: 27150

RESISTANCE 1: 28465

RESISTANCE 2: 28595

SILVER (MAY) – On domestic front Silver’s Expected resistance and support levels for today trade are as follows.

SUPPORT 1: 57665

SUPPORT 2: 57510

RESISTANCE 1: 57895

RESISTANCE 2: 57975

SUPPORT 1: 438.35

SUPPORT 2: 435.85

RESISTANCE 1: 442.95

RESISTANCE 2: 445.35

SUPPORT 1: 5355

SUPPORT 2: 5245

RESISTANCE 1: 5585

RESISTANCE 2: 5695

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COMMODITY TRADING LEVELS FOR 26 MARCH 2012

GOLD (APR) - Resistance and support levels for the today’s session for Gold APR contract which will expire on 5th APR 2012 are:

SUPPORT 1: 27935
SUPPORT 2: 27810

RESISTANCE 1: 28195
RESISTANCE 2: 28275

SILVER (MAY) – On domestic front Silver’s Expected resistance and support levels for today trade are as follows:

SUPPORT 1: 58915
SUPPORT 2: 58810

RESISTANCE 1: 57195
RESISTANCE 2: 57275

COPPER (APR) – Most of the metals barring Copper are in surplus situation and with Chinese production improving that will only amplify to the already higher productivity levels. Expected resistance and support level for today trade are as follows:

SUPPORT 1: 428.35
SUPPORT 2: 425.85

RESISTANCE 1: 435.45
RESISTANCE 2: 438.85

CRUDE OIL (APR) – Crude oil settled with minimal gains on the back of rising inventory levels and crisis in Europe lingering. Expected resistance and support levels for the crude March contract with expiry date of 19 APRIL 2012 are:

SUPPORT 1: 5355
SUPPORT 2: 5245

RESISTANCE 1: 5585
RESISTANCE 2: 5695

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COMMODITY TRADING LEVELS FOR 22 MARCH 2012

GOLD (APR) – Gold edged up rising after a weak session. The yellow metal looked vulnerable as equities slipped across Asia and Europe and markets remained focused on Chinese growth. China's raised retail gasoline and diesel prices by 6.4% and 7%, respectively yesterday and trickled back worries pertaining to a revival in inflationary pressures in world's largest economy. Resistance and support levels for the today’s session for Gold APR contract which will expire on 5th APR 2012 are:

SUPPORT 1: 27715

SUPPORT 2: 27625

RESISTANCE 1: 27945

RESISTANCE 2: 28095

SILVER (MAY) – Silver prices may rebound to $40-50 levels aided by strong growth in global solar photovoltaic (PV) market, said Barclays Capital in a research note. Silver’s Expected resistance and support levels for today trade are as follows:

SUPPORT 1: 56715

SUPPORT 2: 56625

RESISTANCE 1: 56965

RESISTANCE 2: 57095

COPPER (APR) – Copper is expected to trade with negative momentum during the morning session on Thursday, 22nd March as bleak HSBC China PMI fell to a 4-month low in March which further exacerbated the woes over Chinese demand for industrial metals. But, the China's central bank move to cut reserve requirement rate for some Agricultural banks of China might cushion the prices. Copper at MCX is likely to find support at Rs. 426 per kg and Rs. 421.7 per kg and resistance at Rs. 435 per kg and Rs. 439.6 per kg. Expected resistance and support level for today trade are as follows:

SUPPORT 1: 428.55

SUPPORT 2: 425.35

RESISTANCE 1: 433.45

RESISTANCE 2: 435.85

CRUDE OIL (APR) – Crude oil prices may jump by upto 30% if supply from Iran falls, said Christine Lagarde, Managing Director of the International Monetary Fund (IMF). Brent crude oil prices are currently hovering above $120/barrel level. Expected resistance and support levels for the crude Dec contract with expiry date of 19 APRIL 2012 are:

SUPPORT 1: 5360

SUPPORT 2: 5275

RESISTANCE 1: 5585

RESISTANCE 2: 5675

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COMMODITY TRADING LEVELS FOR 21 MARCH 2012

COPPER (APR) – Base metals were receding on Tuesday, 20th March as the fret over the demand from China further intensified after the BHP billion, the world's largest miner affirmation of flattening demand from china. However, the investors are curiously awaited for the another Housing starts data from US which further gives the clarity on metals demand from the world's largest economy. Expected resistance and support level for today trade are as follows:

SUPPORT 1: 427.55

SUPPORT 2: 424.35

RESISTANCE 1: 433.45

RESISTANCE 2: 435.85

CRUDE OIL (APR) – In a big blow to the US, Iran will officially stop trading oil in dollars with effect from March 20, 2012. Instead the country will start trading oil in currencies like the Euro, Irani Rial, Yuan etc. Expected resistance and support levels for the crude Dec contract with expiry date of 19 APRIL 2012 are:

SUPPORT 1: 5260

SUPPORT 2: 5175

RESISTANCE 1: 5485

RESISTANCE 2: 5575

GOLD (APR) – Being the largest importer of gold in the world, India accounts for nearly one-third of the annual demand with import bill rising from 4.1 billion dollars in 2001-02 to US$33.8bn in 2010-11.Industry body ASSOCHAM said India’s gold imports bill could total 100 billion dollars by 2015-16 and the government should strictly monitor in the inflows with higher customs duty. The MCX Gold futures for April are quoting at Rs. 27796, down Rs. 105 per 10 grams on the day. Prices tested a low of Rs. 27755 per 10 grams earlier in the day. Resistance and support levels for the today’s session for Gold APR contract which will expire on 5th APR 2012 are:

SUPPORT 1: 27715

SUPPORT 2: 27625

RESISTANCE 1: 27945

RESISTANCE 2: 28095

SILVER (MAY) – An improving macroeconomic outlook and high risk appetite should see silver outperform gold for most of H2’12 and 2013 although silver, like gold, remains vulnerable to waves of liquidation. Silver’s Expected resistance and support levels for today trade are as follows:

SUPPORT 1: 56315

SUPPORT 2: 56225

RESISTANCE 1: 56585

RESISTANCE 2: 56795

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COMMODITY TRADING LEVELS FOR 20 MARCH 2012

GOLD (APR) – The commodity had gained for last two sessions after testing nearly two month lows last week. Gold still needs to break a few critical technical barriers to get back its major. The very first upside resistance for Gold would be crossing the exponential moving average of 100 on daily charts. MCX Gold futures are quoting at Rs. 27830, down Rs. 40 per barrel on the day. Resistance and support levels for the today’s session for Gold FEB contract which will expire on 5th APR 2012 are:

SUPPORT 1: 27875

SUPPORT 2: 27755

RESISTANCE 1: 28045

RESISTANCE 2: 28195

SILVER (MAY) – Economy to play major role in building silver’s fortune. It has had a history as a currency but today it is much more driven by industrial demand Silver’s Expected resistance and support levels for today trade are as follows:

SUPPORT 1: 57415

SUPPORT 2: 57325

RESISTANCE 1: 57685

RESISTANCE 2: 57795

COPPER (APR) – Lukewarm trading was seen in Base metals on Monday, 19th March as the mixed data from US that showed a rise in US industrial production and decline in consumer confidence on Friday last week coupled with the fall in China house prices weighed down the sentiment. But, the investors eye on US housing data due later today prompted them to sit on sidelines during the mid morning session. Expected resistance and support level for today trade are as follows:

SUPPORT 1: 432.45

SUPPORT 2: 429.75

RESISTANCE 1: 436.25

RESISTANCE 2: 438.85

CRUDE OIL (APR) – MCX Crude oil futures are quoting at Rs. 5354, up Rs. 76 per barrel, thanks to a generous spurt in global prices earlier in the day and are yet to drop in line with latest drop in global prices. The commodity has come off a high near Rs. 5400 per barrel though- indicating that the level could act as a stiff resistance for the counter in near term. Expected resistance and support levels for the crude Dec contract with expiry date of APRIL 2012 are:

SUPPORT 1: 5335

SUPPORT 2: 5240

RESISTANCE 1: 5545

RESISTANCE 2: 5635

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COMMODITY TRADING LEVELS FOR 19 MARCH 2012

GOLD (APR) – INDIA hiked import duty on standard Gold. India is top consumers of Gold in the world and duty hikes is likely to impact the imports. The import duty on Standard Gold items were raised to 4% from 2%.Gold experienced a third weekly loss as improved fundamentals in US and declines of EURO curbed buying. MCX gold contract for April expiry ended at Rs. 27851 per 10 grams, down 0.51%.Resistance and support levels for the today’s session for Gold FEB contract which will expire on 5th APR 2012 are:

SUPPORT 1: 27775

SUPPORT 2: 27655

RESISTANCE 1: 27965

RESISTANCE 2: 28095

SUPPORT 1: 57115

SUPPORT 2: 57025

RESISTANCE 1: 57385

RESISTANCE 2: 57495

COPPER (APR) – Chinese imports data came at a suitable time for Copper. The LME Three month forwards ended at $ 8593 per ton, as against $ 8394.5 per ton last week, with gains of 2.4%. LME inventories kept on waning reaching 263825 tons, down 4.4 % in the week. MCX Copper settled at Rs. 432 per kg compared to Rs. 427 per kg at the initiation, up 1.1%.Expected resistance and support level for today trade are as follows:

SUPPORT 1: 430.45

SUPPORT 2: 428.75

RESISTANCE 1: 434.25

RESISTANCE 2: 436.85

CRUDE OIL (MAR) – MCX Crude Oil settled at Rs. 5333 per barrel as against Rs. 5349 per barrel on 9 March 2012. Iranian Oil Minister said that the oil exports were running unchanged from last year. Iran has continued to threaten that if pressure was put on the country it will shut Strait of Hormuz from where a major chunk of world oil is exported. Saudi Arabia reiterated that it will make up for any shortage in global supply. Expected resistance and support levels for the crude Dec contract with expiry date of 19^th march 2012 are:

SUPPORT 1: 5290

SUPPORT 2: 5185

RESISTANCE 1: 5425

RESISTANCE 2: 5505

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COMMODITY TRADING LEVELS FOR 16 MARCH 2012

GOLD (APR) - Resistance and support levels for the today’s session for Gold FEB contract which will expire on 5^th APR 2012 are:

SUPPORT 1: 27625

SUPPORT 2: 27515

RESISTANCE 1: 27865

RESISTANCE 2: 27985

SILVER (MAR) – Bullish undertone in global bullion prices and plenty of buying support and gains in global equities as helping push the white metal up. Silver is Expected resistance and support levels for today trade are as follows:

SUPPORT 1: 57815

SUPPORT 2: 57675

RESISTANCE 1: 57885

RESISTANCE 2: 58015

COPPER (FEB) – China's record copper imports during the latter part of 2011 and early 2012 means that copper inventories are now at a position where it could result in lower imports. China is the biggest consumer and importer of copper. Expected resistance and support level for today trade are as follows:

SUPPORT 1: 432.35

SUPPORT 2: 429.85

RESISTANCE 1: 436.45

RESISTANCE 2: 438.85

CRUDE OIL (FEB) – Crude oil prices are also expected to trade higher but sharp gains will be capped if the weekly inventories rise as per expectations. Expected resistance and support levels for the crude Feb contract with expiry date of 19 March 2012 are:

SUPPORT 1: 5190

SUPPORT 2: 5085

RESISTANCE 1: 5395

RESISTANCE 2: 5505

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COMMODITY TRADING LEVELS FOR 15 MARCH 2012

COPPER (APR) – Copper is likely to trade sideways during the morning session on Thursday, 15th March as the woes over the weak demand from China, the major industrial metal consumer might weigh on the sentiment. Copper is likely to find support at Rs. 426 per kg and Rs.423 per kg and resistance at Rs. 433 per kg and Rs. 439.6 per kg. Expected resistance and support level for today trade are as follows.

Support 1: 427.35

Support 2: 425.85

Resistance 1: 431.45

Resistance 2: 433.85

CRUDE OIL (MAR) – Crude oil prices are also expected to trade higher but sharp gains will be capped if the weekly inventories rise as per expectations. Expected resistance and support levels for the crude Dec contract with expiry date of 20 FEB 2012 are:

Support 1: 5255

Support 2: 5185

Resistance 1: 5415

Resistance 2: 5505

GOLD (APR) - MCX benchmark gold futures may start today's above Rs. 27550 levels with resistance around Rs. 27610 and Rs. 27690 levels. Yesterday, it closed lower by Rs. 389 (1.4%) at Rs. 27,443 per ten grams. Prices rose to a high of Rs. 27,801 per 10 grams and fell to a low of Rs. 27,402 per 10 grams during the day's trading. Resistance and support levels for the today’s session for Gold FEB contract which will expire on 5^th APR 2012 are:

Support 1: 27325

Support 2: 27215

Resistance 1: 27565

Resistance 2: 27785

SILVER (MAY) – Bullish undertone in global bullion prices and plenty of buying support and gains in global equities as helping push the white metal up. Silver is Expected resistance and support levels for today trade are as follows.

Support 1: 56250

Support 2: 56145

Resistance 1: 56475

Resistance 2: 56595

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COMMODITY TRADING LEVELS FOR 14TH MARCH 2012

GOLD (APR) - On account of dollar weakness and high risk appetite, we expect precious metals and base metals to trade on an upbeat note today., Resistance and support levels for the today’s session for Gold FEB contract which will expire on 5^th APR 2012 are:

Support 1: 27995

Support 2: 27775

Resistance 1: 28375

Resistance 2: 28585

Support 1: 56250

Support 2: 56145

Resistance 1: 56475

Resistance 2: 56595

COPPER (FEB) – Copper is likely to trade with negative bias during the morning session on Thursday, 16th February as renewed worries over the Greece second bailout which was delayed conspired with the with Moody's warning that it could downgrade the credit rating of 17 global banks and securities firms dampening the sentiment. Copper is likely to find support at Rs. 410 per kg and Rs. 406 per kg and resistance at Rs. 421 per kg and Rs. 425 per kg. Expected resistance and support level for today trade are as follows.

Support 1: 410.55

Support 2: 406.65

Resistance 1: 421.45

Resistance 2: 425.85

Support 1: 4965

Support 2: 4905

Resistance 1: 5075

Resistance 2: 5135

COMMODITY TRADING LEVELS FOR 13TH MARCH 2012

SUPPORT 1: 27995,

SUPPORT 2: 27775,

RESIST 1: 28375,

RESIST 2: 28585,

SUPPORT 1: 56250,

SUPPORT 2: 56145,

RESIST 1: 56475,

SUPPORT 1: 410.55,

SUPPORT 2: 406.65,

RESIST 1: 421.45,

RESIST 2: 425.85,

SUPPORT 1: 4965,

SUPPORT 2: 4905,

RESIST 1: 5075,

RESIST 2: 5135,

RESIST 2: 56595,

COMMODITY TRADING LEVELS FOR 8TH MARCH 2012

GOLD (APR) - Gold futures tumbled to six week lows in electronic moves today, getting hammered on dollar strength and global sell off as weak economic data hurt sentiments. Resistance and support levels for the today’s session for Gold FEB contract which will expire on 5^th APR 2012 are:

SUPPORT 1: 27865

SUPPORT 2: 27770

RESISTANCE 1: 28065

RESISTANCE 2: 28155

SILVER (MAY) – Silver MAY contract is expected to find resistance and support levels for today trading session, near the following given levels:

SUPPORT 1: 58625

SUPPORT 2: 58505

RESISTANCE 1: 58885

RESISTANCE 2: 58975

COPPER (APR) – Copper is likely to recoup from earlier losses on FRIDAY, 9th March spurred by the progress over Greece to avert debt default and upbeat data from the US. However, cautious trading prevails as the concerns over the ECB Governing Council meeting due later today. Metal markets were closed for early session of the day on the occasion of Holi festival and opened in the evening session of the day. Expected resistance and support level for today trade are as follows:

SUPPORT 1: 420.25

SUPPORT 2: 418.65

RESISTANCE 1: 425.45

RESISTANCE 2: 427.85

CRUDE OIL (MAR) – Expected resistance and support levels for the crude Dec contract with expiry date of 20 FEB 2012 are:

SUPPORT 1: 5265

SUPPORT 2: 5155

RESISTANCE 1: 5445

RESISTANCE 2: 5535

COMMODITY TRADING LEVELS FOR 7TH MARCH 2012

GOLD (APR) - Gold futures tumbled to six week lows in electronic moves today, getting hammered on dollar strength and global sell off as weak economic data hurt sentiments. Traders are awaiting further clarity on the Greece debt issue. Private holders of €206bn in Greek bonds have until Thursday evening to decide whether to participate in a bond swap where they would trade in their current bonds for a package of new bonds and cash that would knock about €100bn off of Athens' debt pile. Resistance and support levels for the today’s session for Gold FEB contract which will expire on 5^th APR 2012 are:

SUPPORT 1: 27755

SUPPORT 2: 27685

RESISTANCE 1: 27945

RESISTANCE 2: 28095

SUPPORT 1: 57815

SUPPORT 2: 57700

RESISTANCE 1: 57805

RESISTANCE 2: 57925

COPPER (FEB) – Expected resistance and support level for today trade are as follows:

SUPPORT 1: 431.25

SUPPORT 2: 428.65

RESISTANCE 1: 435.45

RESISTANCE 2: 437.85

CRUDE OIL (FEB) – Crude oil futures slipped yet again today, giving up on global growth fears amid a selloff in world equity markets. After weak Chinese, European and US data yesterday, the sentiments in global risky assets were mostly weak and US dollar rallied to a nearly three week high around 1.3100 against the Euro, hurting appetite for commodities. Expected resistance and support levels for the crude Dec contract with expiry date of 20 FEB 2012 are:

SUPPORT 1: 5275

SUPPORT 2: 5165

RESIST 1: 5395

RESIST 2: 5475

COMMODITY TRADING LEVELS FOR 6TH MARCH 2012

GOLD (APR) - Gold stumbled under $1700 per ounce in early London trades, reversing its initial gains as the US dollar strode higher for a fourth consecutive session against the Euro and exerted a negative influence on the yellow metal. The commodity had tumbled sharply in floor trades on Friday evenings and looked shaky as highs near $1720 per ounce proved unsustainable. Resistance and support levels for the today’s session for Gold FEB contract which will expire on 5^th APR 2012 are:

SUPPORT 1: 27865

SUPPORT 2: 27785

RESISTANCE 1: 28025

RESISTANCE 2: 28135

SUPPORT 1: 57945

SUPPORT 2: 57850

RESISTANCE 1: 58185

RESISTANCE 2: 58275

COPPER (FEB) – Copper is likely to trade with negative bias during the morning session.Expected resistance and support level for today trade are as follows:

SUPPORT 1: 431.25

SUPPORT 2: 428.65

RESISTANCE 1: 435.45

RESISTANCE 2: 437.85

CRUDE OIL (FEB) – On the week, oil declined 2.8%, snapping a three-week string of gains that included a 6% advance the previous week. The commodity started positively today but dropped after hitting a high of $107.29 per barrel. The counter quotes at $106.09, down 61 cents on the day. Expected resistance and support levels for the crude Dec contract with expiry date of 20 FEB 2012 are:

SUPPORT 1: 5285

SUPPORT 2: 5165

RESISTANCE 1: 5395

RESISTANCE 2: 5475

COMMODITY TRADING LEVELS FOR 5TH MARCH 2012

GOLD (APR) - Gold declined sharply in the week on back to back negative reports from Federal Reserve. On the contrary smart gains were noted in Resistance and support levels for the today’s session for Gold FEB contract which will expire on 5^th APR 2012 are:

SUPPORT 1: 27975

SUPPORT 2: 27885

RESISTANCE 1: 28085

RESISTANCE 2: 28165

SILVER (MAR) – Silver went up on the rise of industrial metals in which it is extensively used. Silver is Expected resistance and support levels for today trade are as follows:

SUPPORT 1: 57975

SUPPORT 2: 57895

RESISTANCE 1: 58185

RESISTANCE 2: 58275

COPPER (FEB) – Copper futures moved forward while other metals followed on improved risk appetite and easing economic tensions. Drop in LME inventories is indicating that demand is emerging that is generating off take for the metal. The total Copper inventories have declined by more than 22% since January to 289000 tons on 2 March 2012.Expected resistance and support level for today trade are as follows:

SUPPORT 1: 426.25

SUPPORT 2: 422.65

RESISTANCE 1: 433.45

RESISTANCE 2: 436.85

CRUDE OIL (FEB) – Indian Crude futures moved in line with western prices and ended in red. Supply disruptions of oil from Iran enhanced the prices for few sessions but overall it was a dull week for the energy segment with lopsided demand and rise in inventories. During the week some spikes in crude oil was noted on the back of blast in pipeline of in Saudi Arabia. Expected resistance and support levels for the crude Dec contract with expiry date of 20 FEB 2012 are:

SUPPORT 1: 5285

SUPPORT 2: 5165

RESISTANCE 1: 5385

RESISTANCE 2: 5465

COMMODITY TRADING LEVELS FOR 1ST MARCH 2012

GOLD (APR) - Fundamentals boosted the risk appetite for Gold though the overall gentle undertone in global equities also supported the metal. MCX Gold futures for April are quoting at Rs. 28750, up Rs. 10 per 10 grams on the day, recovering impressively from a low of Rs. 28661 per 10 grams on the day. The counter is expected to face a resistance around Rs. 28800 per 10 grams. Resistance and support levels for the today’s session for Gold FEB contract which will expire on 5^th APR 2012 are:

SUPPORT 1: 28855

SUPPORT 2: 28745

RESISTANCE 1: 28045

RESISTANCE 2: 28135

SUPPORT 1: 57615

SUPPORT 2: 57535

RESISTANCE 1: 57985

RESISTANCE 2: 58930

COPPER (FEB) – LME Copper surged by 1.1% at $8656.5 per tonne on Wednesday and Comex Copper future for the most active May contract was trading at $3.935 a pound, up 0.3% (1 cent). SHFE Copper future for most active April 2012 contract settled at 60890 yuan per tonne, edged up by 0.3% (160 yuan). Likewise at MCX, Copper for delivery in April was gaining by 0.3% or Rs. 1.15 at Rs. 429.8 per kg. Expected resistance and support level for today trade are as follows:

SUPPORT 1: 414.25

SUPPORT 2: 411.65

RESISTANCE 1: 419.45

RESISTANCE 2: 422.85

CRUDE OIL (FEB) – Crude oil futures edged up after losing out for last two sessions as equities pressed higher and oil traders eyed the US inventories data. The European Central Bank allotted a larger-than-expected 529.5 billion euros in loans to Euro-zone banks in its second and possibly last three-year long-term refinancing operation. The European stocks remained fairly well supported after this though the early gains were seen frittering away. Yesterday, the US Conference Board's consumer confidence index for February increased to the highest level in a year Expected resistance and support levels for the crude Dec contract with expiry date of 20 FEB 2012 are:

SUPPORT 1: 5285

SUPPORT 2: 5165

RESISTA NCE 1: 5345

RESISTANCE 2: 5465

COMMODITY TRADING LEVELS FOR 29TH FEBRUARY 2012

COPPER (FEB) – Copper is expected trade sideways during the morning session on Wednesday, 29th February as the ECB second round of long term refinancing operation due later today hoping that which is the last operation to fray against the euro zone crises. Expected resistance and support level for today trade are as follows:

SUPPORT 1: 419.55

SUPPORT 2: 416.65

RESISTANCE 1: 424.75

RESISTANCE 2: 427.85

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CRUDE OIL (FEB) – Crude oil fell for the second straight day as investors cautious of world demand scenario booked profits. Appreciation in US inventories lent support to declines. The report from American Petroleum Institute (API) showed that the US Crude oil inventories were up by 521000 barrels last week. Expected resistance and support levels for the crude Dec contract with expiry date of 20 FEB 2012 are:

SUPPORT 1: 5255

SUPPORT 2: 5205

RESISTANCE 1: 5495

RESISTANCE 2: 5585

SUPPORT 1: 28655

SUPPORT 2: 28515

RESISTANCE 1: 28965

RESISTANCE 2: 29075

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SUPPORT 1: 60775

SUPPORT 2: 60655

RESISTANCE 1: 60995

RESISTANCE 2: 61085

COMMODITY TRADING LEVELS FOR 28TH FEBRUARY 2012

GOLD (APR) - Gold dropped as an overwhelming wave of profit selling across risky assets hit the metal. The commodity had rallied to a three month high last week but failed to hold on to the mark as traders eyed a critical German vote on second Greece bailout. Equities dropped while Eurozone government bond auction results were quite good. This turned into a mostly weak environment for gold, Resistance and support levels for the today’s session for Gold FEB contract which will expire on 5^th APR 2012 are:

SUPPORT 1: 28655

SUPPORT 2: 28515

RESISTANCE 1: 28845

RESISTANCE 2: 28935

SUPPORT 1: 58615

SUPPORT 2: 58535

RESISTANCE 1: 58825

RESISTANCE 2: 58930

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COPPER (FEB) – Base metals were bickering between losses and gains on Monday, 27th February as the key German vote on Greece second bailout package coupled with the US pending home sales data due later today were pressurizing the metals. Expected resistance and support level for today trade are as follows:

SUPPORT 1: 417.55

SUPPORT 2: 414.65

RESISTANCE 1: 422.45

RESISTANCE 2: 425.85

CRUDE OIL (FEB) – Crude oil corrected in electronic trades today, dropping from its nine-month highs as traders covered some profits ahead of a critical German vote on Greece bailout. The commodity had hit a nine-month high last week. The counter dropped as the Euro slipped from highs near 1.3500 against the US dollar yet again. Expected resistance and support levels for the crude Dec contract with expiry date of 20 FEB 2012 are:

SUPPORT 1: 5305

SUPPORT 2: 5215

RESISTANCE 1: 5495

RESISTANCE 2: 5585

COMMODITY TRADING LEVELS FOR 24TH FEBRUARY 2012

GOLD (APR) - Gold futures rose to fresh three month highs above, adding to its recent strong of gains as investors eyed a mixed undertone in equities markets and some profit selling was expected in the yellow metal after recent strong of gains. Before this, the shiny metal jumped after Fitch Ratings cut Greece's sovereign-credit rating to C from CCC, and said that the planned bond swap for private debt holders will amount to a restricted default. Resistance and support levels for the today’s session for Gold APR contract which will expire on 5th APR 2012 are:

SUPPORT 1: 28835

SUPPORT 2: 28715

RESISTANCE 1: 29015

RESISTANCE 2: 29185

SUPPORT 1: 58550

SUPPORT 2: 58435

RESISTANCE 1: 58775

RESISTANCE 2: 58990

COPPER (FEB) – Copper is likely to trade in sideways during the morning session on Friday, 24th February 2012 as the recovery in the world's largest economy might boost the sentiment. But, the concerns over the euro zone economic growth might keep the metal gains in check. Expected resistance and support level for today trade are as follows:

SUPPORT 1: 408.55

SUPPORT 2: 405.65

RESISTANCE 1: 416.45

RESISTANCE 2: 422.85

CRUDE OIL (MAR) – Crude has gone up in last few days on Iran nuke worries and has been further benefited by the firm undertone in global equities. Iran last weekend responded to a European Union embargo on oil purchases, set to take effect this summer, by cutting sales to the UK and France and threatening similar action for others. Expected resistance and support levels for the crude MAR contract with expiry date of 19 MARCH 2012 are:

SUPPORT 1: 5165

SUPPORT 2: 5070

RESISTANCE 1: 5375

RESISTANCE 2: 5485

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COMMODITY TRADING LEVELS FOR 23RD FEBRUARY 2012

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GOLD (JUNE) – Removal of an excise tax on gold by the Indian government is a step toward recovery of Indian gold demand. Resistance and support levels for the today’s session for Gold June contract which will expire on June 2012 are:

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GOLD (JUNE) – Removal of an excise tax on gold by the Indian government is a step toward recovery of Indian gold demand. Resistance and support levels for the today’s session for Gold June contract which will expire on June 2012 are:

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