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Thursday, May 26, 2011

OIL , BASEMETALS TRADING LEVELS AHEAD

OIL JUNE HAS GOT SUPPORT @ 4587 & RESISTANCE @ 4602,A CRACK BELOW 4582 DOWNWARDS TARGET 4540/4525 ; HOWEVER UPSIDE RESISTANCE IS @ 4635 – 4638

CMP - 4595

COPPER JUNE SUPPORT & BEST BUY LEVEL 412 ACTUAL RESISTANCE & BEST SHORT LEVEL 413.50 A BREAK ABOVE THAT TARGET IS 418/419.40;A CRACK BELOW 411.2 DOWNWARDS TARGET 407.5/406.15

CMP – 413.35

NICKEL 31MAY2011 BEST BUY & CURRENT RESIS @ 1051 , ACTUAL RESISTANCE & BEST SHORT LEVEL 1056.60 A BREAK ABOVE TARGET IS 1076.20/1082.30;A CRACK BELOW 1045 DOWNWARDS TARGET IS 1030.90/1024.80

CMP - 1048

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