Sunday, July 1, 2012

Trading Commodity Tips: 2-July-2012

Posted by Manas Jaiswal at Sunday, July 01, 2012 0 comments

Today's Commodity Market Updates

Gold trading range for the day is 29629-29717. Silver trading range for the day is 53010-53782. Silver is trading below 55523, with intraday support seen at 53010 and resistance at 53782. Nat.Gas trading range for the day is 147.23-166.63. Natural Gas is holding with a support at 154.77 and resistance will be likely at 157.17. Copper trading range for the day is 428-431.4. Zinc trading range for the day is 103.68-104.28. Nickel trading range for the day is 933.13-938. Pepper trading range for the day is 40680-41620. Aluminium trading range for the day is 105.32-106.02. Crude trading range for the day is 4646-4736.Crude is holding with a support at 4646 and resistance will be likely at 4736.

Trading Commodity Calls

SELL COPPER AUG BELOW 428.50 SL 430.50 TGT 426.50-424.50   
BUY CRUDE JULY @ 4675-4687 SL 4650 TGT 4712-4738-4760.

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