Gold prices are expected to trade higher to the tune of 29950 – 30000, one could buy on dips around 29730 - 29680 as we expect some profit booking.Crucial support is at 29550
GOLD LEVELS
R:-29930/30170
S:-29710/29550
Silver prices, after a long consolidation has crossed the resistance of 53100 – 53300. We expect prices to trade positive and test 54000 –54300. Buying on dips is recommended around 53100 – 53000.
SILVER LEVELS
R:- 53700/54100
S:-52700/52200
Crude prices are expected to test higher around the resistance at 5055 -5060. We expect buying at 4970 level with a stop loss below 4935. One could be caution around 5055 -5060.
CRUDE LEVELS
R:- 5040/5150
S:-4950/4870
Copper prices are likely to trade within the range from 415 to 425. One can buy around 418 with a stop loss below 415.
COPPER LEVELS
R:- 422/427
S:-417/414
Friday, July 27, 2012
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