Free Commodity Trading Tips |
SUPPORT 1: 410.35
SUPPORT 2: 406.85
RESISTANCE 1: 418.75
RESISTANCE 2: 422.15
CRUDE OIL (APR) – Crude Oil prices have been rising for several months amid an EU states' boycott of oil supplies from Iran. Oil traders are also concerned about the possibility of a future war with Iran as well as wider political instability in the Middle East, including the crisis in Syria. Expected resistance and support levels for the crude APR contract with expiry date of 19 APRIL 2012 are:
SUPPORT 1: 5235
SUPPORT 2: 5095
RESISTANCE 1: 5415
RESISTANCE 2: 5515
GOLD (JUNE) - Gold’s ability to edge higher at the start of the week is impressive considering the lack of retail jewelry demand in India due to a protest by jewelers. Resistance and support levels for the today’s session for Gold JUNE contract which will expire on JUNE 2012 are:
SUPPORT 1: 28425
SUPPORT 2: 28310
RESISTANCE 1: 28685
RESISTANCE 2: 28765
SILVER (MAY) – On domestic front Silver’s Expected resistance and support levels for today trade are as follows:
SUPPORT 1: 55825
SUPPORT 2: 55710
RESISTANCE 1: 55025
RESISTANCE 2: 56135
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