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Home » Evening MCX Update – Base metals showing strength for the upside momentum and chances are bright for a reversal from lower level.
Basemetal Crude & Natural Gas Full Mcx Gold & Silver

Evening MCX Update – Base metals showing strength for the upside momentum and chances are bright for a reversal from lower level.

Base Metals

 

 

Technical Levels of Base Metals and other Major Commodities

 

 

Gold (Apr)

 

Gold has its support at 44200 and resistance at 44600.

Break and sustain below 44200 will take it to 43800—43500 or else it could test its resistance again.

Fresh buying will do on a close above 44600.

Trade with the levels only.

 

Silver (May)

 

Silver has its support at 65700 and resistance at 66700.

Wherever it breaks and closes will decide the further direction of Silver.

 

Crude Oil (March)

 

Crude Oil has its support at 4750 and resistance at 5000.

Major trend is positive with a huge difference between support and resistance.

Traders can buy Crude oil in panic around 4850 for the upside target of 5000—5100 levels.

Fresh selling will do on a close below 4750.

Trade with the levels only.

 

 

 

Natural Gas (March)

 

Natural gas has its support at 195 and resistance at 200.

Break and sustain above 200 will take it to 206. More upside could give on close above 206 levels.

Fresh selling will do on a close below 195.

Trade with the levels only.

 

Copper (March)

 

Base Metals Copper has its Support at 683 and resistance at 695.

Break and sustain above 695 will take it to 705—710 levels or else it could test its support again.

Fresh selling will do on a close below 683.

Trade with the levels only.

 

Traders can trade safely with given levels in above mentioned Base metals, Bullion and Energy commodities. To get real time market updates, news & recommendations on your WhatsApp. Click on the banner given below.

 

Commodity Update on WhatsApp

 

 

We are a SEBI registered investment advisor. The above free information is for education/knowledge purposes. Read disclaimer on our website before investing.

 

 

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