Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

FREE COMMODITY TIPS AND COMMODITY TRADING LEVELS FOR 5TH JUNE 2012

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

Get free commodity tips, silver price,Gold price,crude oil, commodity market tips,commodities, best commodity tips,crude oil prices.

FREE COMMODITY TIPS

Free Commodity Market Overview

It is World Environment Day and the trading screens will also see more green than red, at least at start. It's a fight for survival out there in the market and thankfully 'Green' seems to be the flavour of the day.Asian markets are trading with a positive bias. US markets closed flat. Barring Germany, most big European indices finished higher.

RBI's deputy governor, Subir Gokarn has hinted at a possibility of a rate cut on June 18 citing dismal GDP data and softening crude prices. Meanwhile, the PM and the FM see the current slowdown as just a blip and continue to believe in India's long-term potential. The PM has called a meeting of infrastructure ministries while the FM is said to review FDI in Pharma space.

Globally, things continue to be uncertain. The eurozone is the epicenter of rising global anxiety. Within the euro area, Spain and Greece are the trouble spots. A few important events are lined up this month that could have a bearing on global markets. Greek election on June 17 is the biggest event of them all.

The Union Commerce Ministry is expected to announce some incentives for the struggling labour intensive export sectors such as textiles when it unveils the annual supplement of the Foreign Trade Policy (FTP) today.

Commodity tips

http://free-commodity-tips.blogspot.in/2012/06/free-commodity-tips-and-commodity_05.html