COPPER (JUN) : Expected resistance and support level for today trade are as follows.
SUPPORT 1: 402.50
SUPPORT 2: 394.60
RESISTANCE 1: 417.90
RESISTANCE 2: 423.70
CRUDE OIL (JUN) - Expected resistance and support levels for the crude JUN contract are:
SUPPORT 1: 4565
SUPPORT 2: 4520
RESISTANCE 1: 4775
RESISTANCE 2: 4880
GOLD (AUG) -Resistance and support levels for the today's session for Gold AUG contract 2012 are:
SUPPORT 1: 28840
SUPPORT 2: 28265
RESISTANCE 1: 30380
RESISTANCE 2: 30555
SILVER (JUL) - Silver for July delivery was little changed at $28.925 an ounce. Silver is Expected resistance and support levels for today trade are as follows.
SUPPORT 1: 54320
SUPPORT 2: 53813
RESISTANCE 1: 55535
RESISTANCE 2: 56530
Free Commodity Market Overview
Markets perhaps are more worried about the June 17 Greek elections rather than Presidential polls in India.
The start today is likely to be down given the shaky global markets. Today all eyes will be on WPI inflation for May. Watch out for core inflation, which is being closely tracked by the RBI.
Free Commodity Live Updates
Commodity Markets: dull gold, Rs 30,000 across.
After the initial slowdown in the domestic market gold - silver light is gained. MCX gold is up 0.25 per cent to Rs 30,000 with strength. Ended with the silver is trading at Rs 55 160.International market, gold - silver declining trend is intact.
MCX crude oil is trading flat, the price per barrel is 4637.Naimaks half per cent of the crude oil is trading and the price at $ 82.
With strength in base metals are traded. On MCX Copper, aluminum and nickel half per cent is trading with strength. Lead and zinc have been 0.30 per cent.
Cotton Seeds at NCDEX June, July, August and September futures are trading with strength in the 2-2.5 c. The red pepper futures are seeing a decline of 1 per cent.