Technical Levels of Basemetals and other Major Commodities
MAJOR ECONOMIC DATA FOR THE DAY
6:45 PM ADP Non-Farm Employment Change
8:15 PM Final Manufacturing PMI
8:30 PM ISM Manufacturing PMI
8:30 PM Construction Spending m/m
8:30 PM ISM Manufacturing Prices
9:00 PM Crude Oil Inventories
Silver(March) has support at 62000 and resistance at 62700. Break and sustain below 62000 will take it to the next support level of 61750…61400 and sustainable trade above 62700 and see further upside move towards the next resistance level of 63100…63500.
Nickel has support at 1545 and resistance at 1555. Sustainable trade above 1555 will see the upside move towards 1562…1571.50 and if sustained below 1545 can catch the downside move towards 1533…1525 respectively.
Aluminium has support at 210.50 and resistance at 212.50. Selling can see this counter below 210.50 for the targeting towards 208…206 and sustainable trade above 212.50 will see the upside move towards 214…216.50.
Natural Gas has support at 330 and resistance at 340. Sustainable trade below 330 can see more downside towards 322…..315 and if sustained above 340 will see the upside move towards 348…352 levels.
Rest Commodities levels we will provide only to our paid subscribers.
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