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Home » Crude oil up after cybersecurity industry warned that hackers could shut down energy pipeline. Major MCX commodity evening update.
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Crude oil up after cybersecurity industry warned that hackers could shut down energy pipeline. Major MCX commodity evening update.

Crude Oil

 

 

Crude oil up after the cybersecurity industry warned that hackers could shut down the energy pipeline. THE cybersecurity industry has warned that state-sponsored hackers could shut down large swathes of US energy infrastructure in a geopolitically motivated act of cyberwar. (Source: Wired)

 

No major economic data for the day.

 

Technical Levels of Crude Oil and other MCX Major Commodities

 

 

Gold (June)

 

Gold has its support at 47750 and resistance at 48050.

Break and sustain above 48050 could test 48500—48700 or else it could test its support again.

Fresh selling will do on a close below 47750.

Trade with the levels only.

 

Silver (July)

 

Silver has its support at 71500 and resistance at 72700.

Break and sustain above 72700 could test 74000—74500 or else it could test its support again.

Fresh selling will do on a close below 71500.

Trade with the levels only.

 

Crude oil (May)

 

Crude oil has its support at 4680 and resistance at 4820.

Break and sustain above 4820 will take it to 4950—5000 or else it could test its support again.

Fresh selling will do on a close below 4680.

Trade with the levels only.

 

Natural Gas (May)

 

Natural gas has its support at 213 and resistance at 219–223.

Trade within the range and wait for confirmation.

 

Lead (May)

 

Lead has its support at 175.50 and resistance at 178.50.

Break and sustain above 178.50 will take it to 181.50—183 or else it could test its support again.

Fresh selling will do on a close below 175.50.

Trade with the levels only.

 

 

Commodity Update on WhatsApp

 

 

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