Commodity Prices For Today:
CRUDE (FEB)
Consider resistance at 5100-5150 and major resistance at 5280 as remains bear favor. For today Resistance at 5100-5060 and support at 4945-4891 to watch out. Low risk traders stay away in this counter and still the smart traders can sell with a tight stop loss.
COPPER (FEB)
It Looks excellent on the chart and buys on decline as long as holds 416 no problem for bulls Today: Yesterday it was having some profit booking at higher level but today resistance at 424-428 and support at 424.
ALUMINUM (FEB)
The overall trend is positive looking to add in substantial open interest last week and consider support range of 118-120 and resistance at 122.
Today: Above 118 catch it.
NATURAL GAS (FEB)
We are bullish once it starts trading above 122 and consider support at 137-185 and more upside in coming days.
Today: Stop-loss 148.
Wednesday, February 1, 2012
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