Wednesday, January 18, 2012
Commodity Prices for Today as follows: Crude: For today consider crude resistance at 5191.14 and support at 5101.20 higher-level. Copper: Last week several buying was seen due to different demand by China and it made a high of 420 after initial week's low of 397.89. It is expected that prices continue volatile but in bull favor in this week. The Downside support nearly at 408-406.58 and resistance at 421.08-442. Below 396.25 stage likely to start. Natural Gas: For today target 140 and sell on rise strategy 125.60 Aluminum: Downside support is 110.41 and Resistance 113.12 Gold: Today some support at lower level of 27496.15 and trade above 27801.12, short-term positive bias. Silver: Few buying was seen at lower level hold 54250, some more up-side, and downside support 52501.74.