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Home » Crude oil and precious metals trading range-bound where Base metals traded higher. Major MCX Commodity update.
Basemetal Crude & Natural Gas Full Mcx Gold & Silver

Crude oil and precious metals trading range-bound where Base metals traded higher. Major MCX Commodity update.

Crude Oil

 

Crude oil and precious metals trading range-bound where Base metals traded higher on Friday amid mixed sentiment considering stimulus package and vaccine news amid rising coronavirus.

 

Technical Levels of Crude Oil and other Major Commodities

 

 

Gold (Dec)

Gold has its support at 49850 and resistance at 50200.

Break and sustain above 50200 will take it to 50550—50800 or else it could test its support again.

Fresh selling will do on a close below 49850.

Trade with the levels only.

 

Silver (Dec)

Silver has its support at 61500 and resistance at 62200.

Break and sustain above 62200 will take it to 63000—63500 or else it could test its support again.

Fresh selling will do below 61500.

Trade with the levels only.

 

Crude oil (Dec)

 

Crude oil has its support at 3050 and resistance at 3150.

Break and sustain above 3150 will take it to 3250—3300 levels or else it could test its support again.

Fresh selling will do on a close below 3050.

Trade with the levels only.

 

Natural Gas (Dec)

 

Natural gas has its support at 202 and resistance at 207.

Break and sustain above 207 will take it to 212—215 or else it could test its support again.

Fresh selling will do below 202.

Trade with the levels only.

 

Copper (Nov)

Copper has its Support at 546.50 and resistance at 551

Break and sustain above 551 will take it to 555—560 or else it could test its support level again.

Fresh selling will do on a close below 546.50.

Trade with the levels only.

More will update soon…

 

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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