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Thursday, October 11, 2012

Bullion Metals Technical Support Resistance Today|Commodity Market Updates

Globally we see a downtrend in commodity market. Gold at Comex is trading at 1750 at 1764. US dollar index trading at 80 now at 80.19.NYMEX crude trading above 90 now at 91.70.Dow future trading with 29 points down.

Gold December closed at 31312. On downside 31250 remains support for the day. A decline below this level would take the prices to 31100 levels. 31450-31500 would continue to act as resistance levels.

Copper November closed at 438.80. Copper prices continue to trade sideways, a decline below the support of 436 levels would drift prices lower towards 432.00 levels. 443 would act as resistance for the day.
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