Crude Oil and other Major MCX Commodities Technical Support and Resistance Levels
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Gold has support at 51350 and resistance at 51550. Break and sustain below 51350 will take it to the next support level of 51200….51020 and sustainable trade above 51550 and see further upside move towards the next resistance level of 51720…51900.
Silver has support at 67900 and resistance at 68200. Break and sustain below 67900 will take it to the next support level of 67400….67000 and sustainable trade above 68200 and see further upside move towards the next resistance level of 68800…69250.
Copper has support at 810 and resistance at 815. Sustainable trade above 815 will see the upside move towards 821…826.50 and if sustained below 810 can catch the downside move towards 804….797 respectively.
Zinc has support at 322 and resistance at 324. Sustainable trade above 324 will see the upside move towards 326….328.50 and if sustained below 322 can catch the downside move towards 320….317.50 respectively.
Crude Oil (April) has support at 8100 and resistance at 8250. Sustainable trade above 8250 can see more upside move towards 8360….8450 and if sustained below 8100 will see the downside move towards 8000….7900 levels.
Natural Gas has support at 371 and resistance at 377. Sustainable trade above 377 can see more upside move towards 385…392 and if sustained below 371 will see the downside move towards 366….358 levels.
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