Wednesday, May 16, 2012

COMMODITY LEVELS FOR TODAY

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GOLD

Gold prices are likely to bounce till 28150 -28200, one can buy with a stop loss below 27830. Oscillators are in over sold zone hence a bounce back cannot be ruled out.

LEVEL

R- 28110/28270

S- 27850/27775

 SILVER

Silver prices  have corrected to its crucial support  at 51500 and we expect value buying in the white metal.  Prices  are expected to test 52600 – 53000 on higher end. Oscillators are in over sold zone.

LEVEL

R- 52100/52700

S- 51200/50600

 COPPER

Copper  prices  are expected to test 425 -427 zone on  higher  end. One can buy on dip around 418 with a stop loss below 415.

 LEVEL

R- 423/427.80

S- 417/412

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