Technical Levels of Major MCX Commodities
MAJOR ECONOMIC DATA FOR THE DAY
7:00 PM Unemployment Rate
7:00 PM Average Hourly Earnings m/m
7:00 PM Non-Farm Employment Change
Gold has support at 47940 and resistance at 48150. Break and sustain below 47940 will take it to the next support level of 47800….47750 and sustainable trade above 48150 and see further upside move towards the next resistance level of 48250…48400.
Silver has support at 60800 and resistance at 61200. Break and sustain below 60800 will take it to the next support level of 60400….60000 and sustainable trade above 61200 and see further upside move towards the next resistance level of 61600…62000.
Nickel has support at 1732 and resistance at 1742. Sustainable trade above 1742 will see the upside move towards 1750…1758 and if sustained below 1732 can catch the downside move towards 1724…1715 respectively.
Copper has support at 753 and resistance at 757. Sustainable trade above 757 will see the upside move towards 760…763 and if sustained below 753 can catch the downside move towards 750…747 respectively.
Zinc has support at 297.50 and resistance at 299.50. Sustainable trade above 299.50 will see the upside move towards 301…302.50 and if sustained below 297.50 can catch the downside move towards 295.50…293.50 respectively.
Crude Oil has support at 6780 and resistance at 6860. Sustainable trade above 6860 can see more upside move towards 6900….6950 and if sustained below 6780 will see the downside move towards 6700….6650 levels.
Natural Gas has support at 367 and resistance at 377. Sustainable trade above 377 can see more upside move towards 385…393 and if sustained below 367 will see the downside move towards 360….354 levels.
We are a SEBI registered investment advisor. The above free information is for education/knowledge purposes. Read disclaimer on our website before investing.