Today in the fresh morning commodity market showing a good movement, gold and silver in on the top today gold is trading with a green flag going up by 75 point to its previous close at 10:30am. Gold is trading in the very stable condition and expected to go higher, gold have a support level of 31200-31120 and a resistance level of 31462-31650. While the silver is also looking in the good move today going 371 from its previous close at 10:40, its previous close is 61347. Silver is having a good support level 61100-60800 and a resistance level of 62100-62500. On the Asian market commodity is on the very constant position. In the Indian market falling in rupees give a little high to yellow metal. On the base metal copper is trading on the bit high, moving positively and rise by 1.60 point from its last close. There is a sharp increment in the crude oil from last 2 days. Crude is looking in to good position to buy for intraday trader. On the Chinese market the demand the is disappointed due to high prices. In the Asian market bullion support a strongest level due to the tension in the Middle East.
Today calls-
Buy gold(5 feb) tgt 31500……31600……..sl 31230
Buy silver (5 mar) tgt 62000…62300…62450……….sl 61500
Buy crude(21 jan) tgt 4885 ….4900…….sl 4840
Buy copper(28 feb) tgt 449….449.50…450……sl 446.80
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