Technical Levels of Aluminium and other Major Commodities
MAJOR ECONOMIC DATA FOR THE DAY
7:00 PM Trade Balance
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Gold
Gold has support at 48150 and resistance at 48300. Break and sustain below 48150 will take it to the next support level of 48000….47850 and sustainable trade above 48300 and see further upside move towards the next resistance level of 48400…48550.
Silver
Silver has support at 61600 and resistance at 62100. Break and sustain below 61600 will take it to the next support level of 61200….60750 and sustainable trade above 62100 and see further upside move towards the next resistance level of 62600…63000.
Nickel
Nickel has support at 1750 and resistance at 1770. Sustainable trade above 1770 will see the upside move towards 1780…1789.50 and if sustained below 1750 can catch the downside move towards 1741…1730 respectively.
Copper
Copper has support at 747 and resistance at 751. Sustainable trade above 751 will see the upside move towards 755…758.50 and if sustained below 747 can catch the downside move towards 744…741 respectively.
Zinc
Zinc has support at 302 and resistance at 304.50. Sustainable trade above 304.50 will see the upside move towards 306…307.50 and if sustained below 302 can catch the downside move towards 301…300 respectively.
Aluminium
Aluminium has support at 253 and resistance at 255. Sustainable trade above 255 will see the upside move towards 257…259 and if sustained below 253 can catch the downside move towards 251…250 respectively.
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