Gold August Futures Trend :- In Comex, gold for August delivery was up by $2 at $1,580 a troy ounce at 9.42 am. The movement of rupee against dollar will continue to dictate gold price trend in India. On the MCX it may trade in a range of Rs 29,150 to Rs 29,270 per 10 grams.�Gold futures on the Multi Commodity Exchange has closed marginally lower at Rs 29,158 per 10 grams on Thursday against the previous close of Rs 29,159. R�sistance and support levels for the today�s session for Gold AUG contract 2012 are: Trend Consolidate, Support 1: 29050, Support 2: 28960, Resistance 1: 29250, Resistance 2: 29332.
Silver September Futures :- Silver, meanwhile, is benefiting from increased demand, Commerzbank said in a note. Holdings in silver exchange-traded funds rose to nearly 575.1 million troy ounces, their highest level since May 2011, Commerzbank said in a note. Silver futures rose 0.5%, or 12.2 cents, to settle at $27.217 a troy ounce. MCX Silver is Expected resistance and support levels for today trade are as follows. Trend Consolidate - Support 1: 52386 Support 2: 52060. Resistance: 52995, Resistance: 53381.
Copper August Futures Trend - London copper prices edged up on Friday, holding near a two-week high hit in the previous session on hopes top consumer China would take more steps to boost its economy, but weak U.S. data is expected to keep a lidon gains. Three-month copper on the London Metal Exchange edged up 0.2 percent to $7,741.25 per ton by 0119 GMT. It touched a high of $7,813 per ton on Thursday, its highest since July 3.Expected MCX Copper resistance and support level for today trade are as follows. Trend Consolidate. , Support 1: 424.88, Support 2: 419.90, Resistance 1: 435.60, Resistance 2: 440.20.
Crude Oil July Futures-�World oil prices hit seven-week high today as traders fretted over the impact of simmering geopolitical tensions in the crude oil-rich Middle East.�Crude oil surged 3.1% higher Thursday on renewed fears about Middle East tensions following the latest flare up between Israel and Iran.�Light, sweet crude for August delivery settled at $92.66 a barrel on the New York Mercantile Exchange, up $2.79. Brent crude on the ICE futures exchange was trading at $107.87 a barrel, up $2.71.Expected resistance and support levels for the MCX Crude JUL contract are: Trend Consolidate, Support 1: 5009, Support 2: 4920, Resistance1: 5221, Resistance2: 5348.