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Spot Price
 COMMODITY UPDATES

 

 

11 th May 2012



"Don't lament in your heart when an opportunity was missed. Weeping eyes can't recognize the next great opportunity in your life." Chanakya



Gold June 2012

Gold consolidating, Once the buying sets in it would continue to head north. Plan yr entries with tight stps.


Expected range : 28000 ~ 30000

Resistance Levels : 28640/28755/28830

Support Levels : 28350/28250/28140



Silver July 2012

Silver presently consolidation phase is on. A Bull test of FR resistance near 64611 levels is expected in the coming sessions. Considering the volatality in Silver, trade with caution.


Expected range : 54000 ~ 62000

Resistance Levels : 54920/55380/55720

Support Levels : 54220/53948/53651



Copper June 2012

Copper stabilising, trying to hold ground for a tgt of 470 levels. Trade with tight stops.


Expected range : 400 ~ 470

Resistance Levels : 438.8/440.6/442.5

Support Levels : 434.3/432.8/431.1



Crude Oil May 2012

Crudeoil avoid till clarity on the international war scenario. Wait for our call to enter.


Expected range : 5000 ~ 5500

Resistance Levels : 5225/5255/5300

Support Levels : 5135/5100/5075



Zinc May 2012

Zinc both way movement seen. Trade with caution.


Expected range : 90 ~ 110

Resistance Levels : 105.2/105.9/106.6

Support Levels : 104.1/103.7/103.1



Aluminium May 2012

Aluminium only a successful break of 116 can see higher moves.


Expected range : 100 ~ 120

Resistance Levels : 108.8/109.6/110.2

Support Levels : 107.4/106.9/106



Lead May 2012

Lead bullishness prevailant with chances for a lower correction, trade with tight stops.


Expected range : 90 ~ 120

Resistance Levels : 111.8/112.6/113.2

Support Levels : 110.2/109.7/109.2



Nickel May 2012

Nickel bottoming out. Hold on to your longs with trailing stop profits.


Expected range : 800 ~ 1000

Resistance Levels : 927/937/948

Support Levels : 912/902/891



Natural Gas May 2012

Natural Gas bottoming out a possibility, risk takers can start to long. Excercise caution.


Expected range : 100 ~ 120

Resistance Levels : 136.6/139.3/141.3

Support Levels : 131.8/130.2/128.5