Weekly
Commodity Trading Outlook and Technical Levels from Monday, 13 August
2012 to 18 August 2012
MCX
Gold is expected to trade with Support between -29,955-29,830 while
Resistance will be in between-30,154-30,300.
MCX Silver is
expected to trade sideways with Supports at 53,100 and 52,700 &
Resistance at around 53,860 and 54,240.
MCX Copper is
likely to trade sideways with Support at 411.20 and Resistance at
419.20
For the current
week we expect Crude oil prices to find support at 5047-5030 levels
and further below strong support is seen at 4955-4935 levels.
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