Gold commodity prices are expected to trade within a channel, one can initiate a sell below 29130 or sell on rise till 29230 – 29250 with a stop loss above 29370 for the target of 28900 – 28800.
GOLD LEVELS
Resistance Level:-29370/29440
Support Level:-29110/28970
Silver commodity prices are trading within a very narrow range, prices are likely to hold 52500 on closing basis, we can expect a bounce till 53400. One should buy around 52500 with a stop loss below 52000.
SILVER LEVELS
Resistance Level:- 52800/53100
Support Level:-52500/52000
Crude commodity prices can witness profit booking to the tune of 5060 – 5070, which should be a buying opportunity for the target at 5200.
CRUDE LEVELS
Resistance Level:- 5150/5210
Support Level:-5070/5010
Copper commodity prices tested 431.70 on higher end yesterday and are expected to open down as it tested the resistance and 432. Prices can test 427 and bounce back. One can trade within the range from 425 to 433..
COPPER LEVELS
Resistance Level:- 432/437
Support Level:-427/421
Friday, July 20, 2012
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