Technical Levels of Bullions and other Major Commodities
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Gold has support at 48980 and resistance at 49150. Break and sustain below 48980 will take it to the next support level of 48850..48700 and sustainable trade above 49150 and see further upside move towards the next resistance level of 49320…49440.
Silver has support at 66260 while resistance at 66680 Sustainable trade below 66260 will take it to 65900….65500. If it breaks and sustains the resistance level of 66680 then will take it to 67100—67500, respectively.
Copper has support at 718.80 and resistance at 724. Sustainable trade above 724 will see the upside move towards 730…734 and if sustained below 718.80 can catch the downside move towards 714…710 respectively.
Nickel has support at 1496 and resistance at 1506. Selling can see this counter below 1496 for the targeting towards 1488…1480 and sustainable trade above 1506 will see the upside move towards 1512…1520.
Zinc has support at 263 and resistance at 267. Selling can see this counter below 263 for the targeting towards 260…258 and sustainable trade above 267 will see the upside move towards 269…272.
Natural gas support has 373 and resistance 380. Sustainable trade above 380 can see more rally towards the next level of 385…390 and if sustained below 373 then can move towards 367…362 maximum.
Crude oil has support at 5920 and resistance at 5968. Sustainable trade below 5920 can see more downside towards 5880…5840 and if sustained above 5968 will see the upside move towards 6010…6060 levels.
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