Free Commodity Tips And Commodity Trading Levels For 5th July 2012

Discussion in 'Trading' started by equity tips, Jul 5, 2012.

  1. Commodity News and Insights for Traders and Investors

    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.


    SUPPORT 1: 424.20
    SUPPORT 2: 422.00

    RESISTANCE 1: 430.60
    RESISTANCE 2: 434.70
    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:


    SUPPORT1: 4640
    SUPPORT2: 4523

    RESISTANCE1: 4838
    RESISTANCE2: 4919

    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:


    SUPPORT1: 29399
    SUPPORT2: 29325

    RESISTANCE1: 29592
    RESISTANCE2: 29711

    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:

    SUPPORT1: 53465
    SUPPORT2: 53225

    RESISTANCE1: 53922
    RESISTANCE2: 54139

    Get free commodity tips, silver price,Gold price,crude oil, commodity market tips,commodities, best commodity tips,crude oil prices.

    • mcx.jpg
      File size:
      11.4 KB