Support for crude at Rs 3334-3303/bbl: Hem Sec

Hem Securities has come out with its report on commodity. According to research report the support for Crude remains at Rs 3334-3303 per barrel while it has resistance at Rs 3391-3417 per barrel.

Hem Securities commodity report:

Copper 

The support for copper remains at 298/294 while it has resistance at 303/306 level. Copper was little changed in London, after rebounding from a three-month low yesterday, on investor concern that budget deficits in Europe may slow the global economic recovery. 

Crude 

The support for Crude remains at 3334/3303 while it has resistance at 3391/3417 level. Crude oil declined in New York on concern that the recovery in fuel demand may stall in the U.S., the biggest energy-consuming nation. 

Gold 

The support for Gold remains at 16215/16154 it has resistance at 16343/16410 level. Gold gained the most in a week as a halt in the dollar's rally may increase demand for the metal as an alternative investment. 

Silver 

The support for Silver remains at 24036/23840 while it has resistance at 24401/24570 level. Silver gained as a halt in the dollar's rally may increase demand for the metal as an alternative investment.

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To read the full report click on the attachment