Intraday Trading Levels for Oct. 07, 2011

Gold CEMEX: currently trading at 1659 expected intraday trading range between 1620-1700, immediate support seen at 1655, after a failure below 1648 will take it to 1632-25 zones. Upside major resistance at 1680 a penetration above this level will take it to 1700-1720 area. This swing is open for 1670-80 zones further move will confirm only above 1680 zones if manage to sustain.

Silver CEMEX: currently trading at 32.10 intraday expected trading range between 30.30- 32.50, immediate resistance seen at 32.50 above 32.50 this swing is open for 33.40-33.60. till trading below 32.50 a retest of 31.20-30.80 zones is expected.

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