equity_tips'  Instablog

Commodity News and Insights for Traders and Investors
COPPER (JUN) - Copper rose again, benefitting from a weaker dollar as investors looked to the European Central Bank for a possible solution to the euro zone debt crisis which has hurt raw material demand. The ECB meeting comes a day after finance ministers from the world's seven major economies discussed financial and fiscal union in Europe and agreed to work together to deal with the problems in Spain and Greece, but took no joint action. 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 advanced for a fourth day in New York as policy makers in the U.S. and Europe indicated they may take steps to boost their economies and Iran signaled it will take a hard line in nuclear talks.. Expected resistance and support levels for the crude JUN contract are:

TREND BULLISH

SUPPORT 1: 4626
SUPPORT 2: 4422

RESISTANCE 1: 4880
RESISTANCE 2: 4920

GOLD (AUG) - The ECB is expected to indicate a readiness to cut interest rates as soon as next month but hold back from policy moves, after a Group of Seven emergency conference call on Tuesday failed to produce any concrete solution. Gold has held steady above $1,600 an ounce since it rallied 4.3 percent last Friday, as investors expect further monetary easing from the central banks, especially the U.S. Federal Reserve, after data showed a surprisingly weak job market. Resistance and support levels for the today's session for Gold JUN contract which will expire IN JUNE 2012 are:

TREND BULLISH

SUPPORT 1: 29880
SUPPORT 2: 29635

RESISTANCE 1: 30380
RESISTANCE 2: 30555

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 BULLISH

SUPPORT 1: 53320
SUPPORT 2: 52813

RESISTANCE 1: 56535

RESISTANCE 2: 57530

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Suddenly, the world seems to be a better place for embarrassed investors. Hopefully, the current relief rally may still have some steam left in it. So, convert this opportunity into profit before fresh bad news drags things back. The opening is likely to be positive again. Use every rise to make profit , as we seem to be facing just a technical swing upward . The mammoth of problems that the markets are confronting is yet to be addressed .No doubt, headlines telling about action on various areas by the Centre but by now we of course have learnt to wait and watch for some real outcome.

The eurozone remains at the core of the current mess. Doubts are also being raised about the strength of the US and Chinese economies. Market players are hoping for emergency intervention by central banks but the same may not come thorough. The ECB's move to refrain from cutting rates or committing to more LTRO is case in point.Investors will tune into Fed chief Ben Bernanke's testimony to Congress today to see if he drops any hints on QE3. Also watch out for an important Spanish debt auction.

COPPER (JUN) - copper rose on Wednesday, its first trading day this week, benefitting from a weaker dollar as investors looked to the European Central Bank for a possible solution to the euro zone debt crisis which has hurt raw material demand. The ECB meeting comes a day after finance ministers from the world's seven major economies discussed financial and fiscal union in Europe and agreed towork together to deal with the problems in Spain and Greece, but took no joint action.

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) - Crude futures settled slightly higher Tuesday as traders reacted to improving U.S. services-sector data and factored in an expected drop in oil inventories, while remaining cautious on the European debt crisis. Light, sweet crude for July delivery settled at $84.29 a barrel, up 31 cents, or 0.4%, on the New York Mercantile Exchange after wavering around $84 in early afternoon trading. For the year to date, the price of the front-month contract traded in New York is down almost 15%. Brent crude on the ICE Futures exchange traded one cent lower at $98.84 a barrel.

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 (AUG) - The ECB is expected to indicate a readiness to cut interest rates as soon as next month but hold back from policy moves, after a Group of Seven emergency conference call on Tuesday failed to produce any concrete solution. Gold has held steady above $1,600 an ounce since it rallied 4.3 percent last Friday, as investors expect further monetary easing from the central banks, especially the U.S. Federal Reserve, after data showed a surprisingly weak job market. Resistance and support levels for the today's session for Gold JUN contract which will expire IN JUNE 2012 are:

TREND CONSOLIDATE

SUPPORT 1: 29880
SUPPORT 2: 29635

RESISTANCE 1: 30160
RESISTANCE 2: 30380

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

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FREE COMMODITY TIPS

Free Commodity Market Overview

Like slight drizzle brings some relief from soaring heat and raises the hopes of a good monsoon,

The opening is likely to be positive, thanks to encouraging global cues. The main worry is that FII flows have not turned around. In fact, reports suggest some of them have switched to offshore alternatives to trade in Indian equities due to GAAR. All eyes are on monsoon. Another normal rainy season is crucial for India, which is battling a global slowdown and policy inaction. Telecom stocks will be in focus post the EGoM meet on 2G auction.

The ECB will hold its policy meeting today while Ben Bernanke will testify before the Congress on Thursday.

Conjecture about a possible repo rate cut by the RBI on June 18 has driven the sentiment in the past 2-3 sessions. But, it is still in the doubt, as sticky inflation, weak rupee and widening twin deficits may prevent the RBI from easing. Watch out for the latest current account deficit numbers later this month. Before that, markets will react to the latest IIP data and inflation numbers.

Greece election on June 17 is the most critical event of this month for the world markets. The end-of-the-month G-20 summit and FOMC policy meeting will also have a bearing on sentiment.

http://free-commodity-tips.blogspot.in/2012/06/free-commodity-tips-and-commodity_06.html

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

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