commodity updates... 3-March-2012

[RaahiShah]

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: 27725
SUPPORT 2: 27610
RESIST 1: 27985
RESIST 2: 28095

SILVER (MAY)– On domestic front Silver’s Expected resistance and support levels for today trade are as follows:
SUPPORT 1: 57525
SUPPORT 2: 57410
RESIST 1: 57795
RESIST 2: 57915

COPPER (APR) – Most of the metals barring Copper are in surplus situation and
with Chinese production improving that will only amplify to the already higher productivity levels. Expected resistance and support level for today trade are as
follows:
SUPPORT 1: 437.35
SUPPORT 2: 435.85
RESIST 1: 442.75
RESIST 2: 445.15

CRUDE OIL (APR) – Crude oil settled with minimal gains on the back of rising inventory levels and crisis in Europe lingering. Expected resistance and support levels for the crude March contract with expiry date of 19 APRIL 2012 are:
SUPPORT 1: 5255
SUPPORT 2: 5170
RESIST 1: 5415
RESIST 2: 5495
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