FREE COMMODITY TIPS AND COMMODITY TRADING LEVELS FOR 14TH JUNE 2012

Free Commodity Tips
COPPER (JUN) : Expected resistance and support level for today trade are as follows.
 
TREND CONSOLIDATE

SUPPORT 1: 402.50
SUPPORT 2: 394.60

RESISTANCE 1: 417.90
RESISTANCE 2: 423.70
               
CRUDE OIL (JUN) – Expected resistance and support levels for the crude JUN contract are:
TREND CONSOLIDATE

SUPPORT 1: 4565
SUPPORT 2: 4520

RESISTANCE 1: 4775
RESISTANCE 2: 4880

GOLD (AUG) –Resistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND CONSOLIDATE

SUPPORT 1: 28840
SUPPORT 2: 28265

RESISTANCE 1: 30380
RESISTANCE 2: 30555                     
                                                          
SILVER (JUL) Silver for July delivery was little changed at $28.925 an ounce. Silver is Expected resistance and support levels for today trade are as follows.

TREND CONSOLIDATE

SUPPORT 1: 54320
SUPPORT 2: 53813

RESISTANCE 1: 55535
RESISTANCE 2:  56530


Free Commodity Market Overview   


Markets perhaps are more worried about the June 17 Greek elections rather than Presidential polls in India.

The start today is likely to be down given the shaky global markets. Today all eyes will be on WPI inflation for May. Watch out for core inflation, which is being closely tracked by the RBI.


Free Commodity Live Updates  


Commodity Markets: dull gold, Rs 30,000 across.
After the initial slowdown in the domestic market gold - silver light is gained. MCX gold is up 0.25 per cent to Rs 30,000 with strength. Ended with the silver is trading at Rs 55 160.International market, gold - silver declining trend is intact.

MCX crude oil is trading flat, the price per barrel is 4637.Naimaks half per cent of the crude oil is trading and the price at $ 82.

With strength in base metals are traded. On MCX Copper, aluminum and nickel half per cent is trading with strength. Lead and zinc have been 0.30 per cent.

Cotton Seeds at NCDEX June, July, August and September futures are trading with strength in the 2-2.5 c. The red pepper futures are seeing a decline of 1 per cent.


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Daily Free Commodity Tips and Free Commodity 
News Updates

EU debt crisis to boost Gold demand significantly: Commerzbank

The ongoing European debt crisis is likely to mean more gold demand from investors and central banks, said Commerzbank, the second-largest bank in Germany, after Deutsche Bank.

Silver: It's hard to say exactly where it will end up in 2012

It's hard to say exactly where Silver will end up because these are very volatile markets. But the supply-and-demand situation for silver is bullish.

US to become world’s largest Crude Oil producer in a decade

United States crude oil output in the first quarter of this year reached fourteen year high of 6 million barrels of oil per day, as per recent data released by the United States Energy Information Administration (EIA). This record growth in US crude oil output shows they could surpass Russia and Saudi Arabia in the next decade.

Copper-Nickel combine to capture printed electronics market

There are better days waiting ahead for copper and nickel in the field of electronics with the new creation of copper- nickel nano wires, which will be a perfect choice for printed electronics, developed by researchers in Duke University. Although nickel faces a decline in demand in the stainless steel markets worldwide, there would be greater demand for the metal from the printed electronics in future.



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