Monday, July 16, 2012

Commodities Support and Resistance Level & Tips

Commodities Levels

Commodities Support and Resistance Level for today:

Gold settled flat due to rupee firmness but in international prices boosted by sharp rallies in equities and commodities.Gold is trading below 29681, now intraday gold is holding support at 29170 and resistance at 29370.Gold Support and Resistance Level for today's Commodity Market is as below:

Silver is trading below 54880, with intraday support seen at 52700 and resistance at 53325. Silver Levels for the day is :
R:- 53325/53780

Crude intraday trading ranges within the levels 4715-4825. Today's holding support and resistnace level for crude commodity is :
R:- 4825/4910

Copper levels for today's commodity market is as follows:
R:- 427.20/432

Intraday Gold, Silver, Copper Commodity Tips

BUY GOLD @ 29170  WITH STOPLOSS OF 29140 TGT-29310
BUY  SILVER  @52270 TGT 52700 SL-52100
BUY ABOVE 4825 TGT – 4875 SL- 4795

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