Since morning we are witnessing pressure on almost all commodities. Gold, Silver, Crude, and Copper all commodities facing the heat. Will it bounce back in the evening session?? Let’s have a look at today evening session commodities’ major support and resistance levels.
Today Evening Major Data of Europe and US
Gold has support at 49600 and resistance 49900. Break and sustain below 49600 will take it to the next support level of 49450…49300 and sustainable trade above 49900 can see further upside move towards the next resistance level of 50050…50200
Silver has support at 54000 while resistance at 54600. Sustainable trade below 54000 will take it to 53850…53500 very soon. If it breaks and sustain the resistance level of 54600 then will take it to 54900—55200 respectively.
Copper has support at 616 and resistance at 622 Sustainable trade above 622 will see the upside move towards 625, 628 and if sustained below 616 can catch the downside move towards 613, 610 respectively.
Zinc has support at 270 and resistance at 274 Break and sustain below 270 will see the downside move 268—266 and if sustained above 274 can see further upside towards 276…278 level.
Aluminium has support at 207 and resistance at 211 Sustainable trade below 207 can see the downside move towards 205…203 and if sustains above 211 will take it to 213, 215 very soon.
Natural Gas support has 611 and resistance 622. Sustainable trade above 622 can see more rally towards the next level of 628, 634 and if sustained below 611 then can move towards 606…600.
Crude oil has support at 7590 and resistance at 7680. Sustainable trade below 7590 can see more downside towards 7550…7510 and if sustained above 7680 will see the upside move towards 7720…7760 levels.
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