Crude Oil and other MCX Commodities Support and Resistance levels for evening session!
Major Economic Data for today
06:00 PM: Core Durable Goods Orders m/m and Durable Goods Orders m/m
08:00 PM: Crude Oil Inventories
11:30 PM: FOMC Meeting Minutes
Gold has support at 50800 and resistance 51100. Break and sustain below 50800 will take it to the next support level of 50650…50500 and sustainable trade above 51100 can see further upside move towards the next resistance level of 51250…51400
Silver has support at 61200 while resistance at 61800. Sustainable trade below 61200 will take it to 61000…60700 very soon. If it breaks and sustain the resistance level of 61800 then will take it to 62100—62400, respectively.
Copper has support at 768 and resistance at 774 Sustainable trade above 774 will see the upside move towards 777, 780 and if sustained below 768 can catch the downside move towards 765, 762 respectively.
Zinc has support at 319 and resistance at 324 Break and sustain below 319 will see the downside move 317—315 and if sustained above 324 can see further upside towards 326…328 level.
Aluminium has support at 237 and resistance at 241.50 Sustainable trade below 237 can see the downside move towards 235…233 and if sustains above 241.50 will take it to 243, 245 very soon.
Natural gas support has 685 and resistance 696. Sustainable trade above 696 can see more rally towards the next level of 701, 706 and if sustained below 685 then can move towards 680…675.
Crude oil has support at 8600 and resistance at 8700. Sustainable trade below 8600 can see more downside towards 8550…8500 and if sustained above 8700 will see the upside move towards 8750…8800 levels.
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