Base Metals, Bullion and Energy Commodities Evening Session Technical Levels
Major Economic Data for the day
06:00 PM Core PCE Price Index m/m, Employment Cost Index q/q, Personal Income m/m, Personal Spending m/m
07:15 PM Chicago PMI
07:30 pm Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations.
Gold has support at 51580 and resistance at 51780. Break and sustain below 51580 will take it to the next support level of 51440….51300 and sustainable trade above 51780 and see further upside move towards the next resistance level of 51900…52000.
Silver (July) has support at 65120 and resistance at 65420. Break and sustain below 65120 will take it to the next support level of 64800….64500 and sustainable trade above 65120 and see further upside move towards the next resistance level of 65500…66000.
In the base metals counter, Copper (May) has support at 787 and resistance at 792. Sustainable trade above 792 will see the upside move towards 796…802 and if sustained below 787 can catch the downside move towards 783….778.50 respectively.
Zinc (May) has support at 350 and resistance at 354. Sustainable trade above 354 will see the upside move towards 356.50….359 and if sustained below 350 can catch the downside move towards 348….346 respectively.
Crude Oil has support at 8080 and resistance at 8180. Sustainable trade above 8180 can see more upside move towards 8250….8360 and if sustained below 8080 will see the downside move towards 8000….7930 levels.
Natural (May) Gas has support at 520 and resistance at 530. Sustainable trade above 530 can see more upside move towards 538….546 and if sustained below 520 will see the downside move towards 512….501 levels.
Trade safely with levels. More levels and US Data will update in the evening session. Join our FREE Telegram Channel or WhatsApp broadcast to get real-time market updates.
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