Commodity Investment guidelines and updates 19-March-2012

RaahiShah Mon Mar 19, 2012 4:40 pm

GOLD (APR) – INDIA hiked transfer work on conventional Precious metal. Indian is top customers of Precious metal in the world and work outdoor hikes are likely to affect the imports. The transfer work on Standard Precious metal items were brought up to 4% from 2%.Gold knowledgeable a third regular loss as enhanced basic principles in US and decreases of EURO controlled purchasing. MCX silver agreement for May expiration finished at Rs. 27851 per 10 h, down 0.51%.Resistance and assistance stages for the today's current procedure for Precious metal FEB agreement which will end on 5th APR 2012 are:
SUPPORT 1: 27775
SUPPORT 2: 27655
RESIST 1: 27965
RESIST 2: 28095

SILVER (MAY) – Economic climate to play big part in developing silver’s lot of money. It has had a historical past as a forex but these days it is much more pushed by business need Silver’s Predicted level of resistance and assistance stages for these days business are as follows:
SUPPORT 1: 57115
SUPPORT 2: 57025
RESIST 1: 57385
RESIST 2: 57495

COPPER (APR) – China imports data came at a appropriate time for Birdwatcher. The LME Three month ahead finished at $ 8593 per ton, as against $ 8394.5 per ton the other day, with profits of 2.4%. LME selections kept on declining attaining 263825 plenty, down 4.4 % in the weeks time. MCX Birdwatcher resolved at Rs. 432 per kg when compared to Rs. 427 per kg at the start, up 1.1%.Expected level of resistance and support levels for today business are as follows:
SUPPORT 1:430.45
SUPPORT 2: 428.75
RESIST 1: 434.25
RESIST 2: 436.85

CRUDE OIL (MAR) – MCX Raw Oil resolved at Rs. 5333 per gun barrel as against Rs. 5349 per gun barrel on 9 Goal 2012. Iranian Oil Reverend said that the oil exports were managing the same from last season. Iran has ongoing to warn that if stress was put on the nation it will turn Strait of Hormuz from where a significant slice of community oil is released. Saudi Arabic reiterated that it will create up for any lack in international provide. Expected resistance and support levels for the crude Dec contract with expiry date of 19th march 2012 are:
SUPPORT 1: 5290
SUPPORT 2: 5185
RESIST 1: 5425
RESIST 2: 5505

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