8/16/2011 12:31:00 PM
Stuti Sharma
Commodity Market Report and Support-Resistance Levels 16 August:
GOLD –
CMP- 25640
TREND- Uptrend
Trading in overbought level
Current Position- Buy
Support-Resistance Levels-
Support1- 24758 Support2- 24186 Support3-23711
Support4- 22969 Support5- 22752 Support6-22556
Resistance- 26563
Gold- Intraday Tips & Trend-
Buy Above - 26217 with a Stop Loss at - 25326.9
Sell Below - 25065.1
COPPER-
CMP- 402
TREND- Downtrend
Copper looking Bearish
Current Position- Sell
Support-Resistance Levels-
Support- 409- 418- 419-423 -426
Resistance-385
Copper: Intraday Tips & Trend
Buy Above - 412.4 with a Stop Loss at- 396.1
Sell Below - 391.2
SILVER-
CMP- 58914
TREND- Uptrend
Silver is looking bullish
Current Position- Sell
Support-Resistance Levels-
Support- 58524 - 58455 - 56954- 55816 - 55488
Resistance- 59168
Silver: Intraday Tips & Trend-
Buy Above -60069.9 with a Stop Loss at - 58279.2
Sell Below - 57762.3 with a Stop Loss at - 59550.8
