Khushi

Commodity News and Insights for Traders and Investors 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) – Oil rose for a third day in New York as speculation that U.S. economic growth will boost fuel demand in the world’s biggest crude consumer countered concern Europe’s debt crisis will worsen..Expected resistance and support levels for the crude JUN contract are: TREND CONSOLIDATE SUPPORT 1: 4480 SUPPORT 2: 4345 RESISTANCE 1: 4732 RESISTANCE 2: 4870 GOLD (JUN) –Gold had plummeted following a massive surge in the US dollar on worries of exit- Greece being ousted from Eurozone and returning to its old currency. Resistance and support levels for the today’s session for Gold JUN contract which will expire IN JUNE 2012 are: TREND CONSOLIDATE SUPPORT 1: 28830 SUPPORT 2: 28745 RESISTANCE 1: 29695 RESISTANCE 2: 29929 SILVER (JUL) – Strengthening dollar is actually suppressing the white precious metal since last few sessions. Silver is Expected resistance and support levels for today trade are as follows: TREND CONSOLIDATE SUPPORT 1: 53320 SUPPORT 2: 52813 RESISTANCE 1: 54535 RESISTANCE 2: 55120