Gold - Silver strong, crude oil rose (13 March 2012)

[RaahiShah]

International market, gold - silver is traded on the edge. Comaks gold with 0.30 per cent to be trading at $ 1,704, while silver has shot up more than 1 per cent, the price is above 33. Light gold with a decline in the domestic market on Monday closed below 28,000 rupees, while silver dropped 1 per cent yesterday to close at 58 344.
Naimaks the crude oil with about half per cent is trading above 106 dollars a barrel. On Monday, crude oil in the domestic market, with nearly half a per cent to Rs 5329.
Copper on the London Metal Exchange is trading with a slight edge. Copper in domestic markets on Monday closed at Rs 427 with a slight edge.
MCX crude oil has seen a strong light. The Naimaks 107 dollars a barrel on crude oil has gone up. Brent crude on the ICE is trading above $ 126. Fomsi today's meeting, as well as domestic market; the rupee against the dollar has been strong.
Fomsi meeting in January to the lowest level of interest rates to the year 2014 was assured. While many members of Fomsi changing circumstances, given that interest rates could be cut. The impact on crude oil prices are expected to come forward.
Before the meeting Fomsi gold - silver is seen in the pressure. With the decline in gold on MCX is trading at Rs 27 934, while silver is being grossly levels of Rs 58 460. International market, gold - silver is gained.
Turmeric continues to decline, at NCDEX Turmeric today's price of Rs 4,200. The turmeric in the spot market price has come down from Rs 4,200.

GOLD (APR) - Resistance and support levels for the today’s session for Gold APR contract which will expire on 5th APR 2012 are:
SUPPORT 1: 27865
SUPPORT 2: 27770
RESIST 1: 28065
RESIST 2: 28155

SILVER (MAR) – On domestic front Silver’s Expected resistance and support levels for today trade are as follows:
SUPPORT 1: 58245
SUPPORT 2: 58765
RESIST 1: 58585
RESIST 2: 58975

COPPER (FEB) – Most of the materials unless Birdwatcher are in extra situation and with China generation enhancing that will only increase to the already higher efficiency levels. Predicted level of resistance and support level for these days business are as follows:
SUPPORT 1: 425.35
SUPPORT 2: 423.85
RESIST 1: 429.45
RESIST 2: 431.85

CRUDE OIL (MAR) – Raw oil resolved with little profits on the back of rising stock stages and turmoil in European countries constant. Expected level of resistance and support stages for the primitive Goal contract with expiration date of 20 FEB 2012 are:
SUPPORT 1: 5255
SUPPORT 2: 5145
RESIST 1: 5445
RESIST 2: 5535
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