Gold prices are expected to trade within a broad range from 29100 to 29400. One can buy gold commodity on dips around 29150 with a stop loss below 29050. Prices in gold are expected to trade positive for the day.
GOLD LEVELS
Resistance:-29370/29440
Support:-29140/29058
Silver prices are likely to hold 52500 on closing basis, we can expect a bounce till 53400 in MCX Silver Commodity. One should buy silver around 52500 with a stop loss below 52000.
SILVER LEVELS
Resistance:-53325/53780
Support:-52500/52190
Crude prices have given a bullish price breakout and is expected to headed up till 5150 – 5200. Buying crude on dips around 4950 is recommended.
CRUDE LEVELS
Resistance:-5020/5150
Support:-4925/4870
Copper prices are expected to trade within a range from 423 to 430, one can trade with copper within the range with a positive bias. Prices are likely to witness 430 -431 on higher end.
COPPER LEVELS
Resistance:-427.20/432
Support:-424.20/421
Thursday, July 19, 2012
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