Major MCX Commodities Technical Levels for the evening session!
Major US Economic Data For Today
Gold
Gold has support at 50500 and resistance 50800. Break and sustain below 50500 will take it to the next support level of 50350…50200 and sustainable trade above 50800 can see further upside move towards the next resistance level of 50950…51100
Silver
Silver has support at 54700 while resistance at 55300. Sustainable trade below 54700 will take it to 54400…54100 very soon. If it breaks and sustain the resistance level of 55300 then will take it to 55600—55900 respectively.
Copper
Copper has support at 633 and resistance at 640 Sustainable trade above 640 will see the upside move towards 643, 646 and if sustained below 633 can catch the downside move towards 630, 627 respectively.
Zinc
Zinc has support at 274 and resistance at 278 Break and sustain below 274 will see the downside move 272—270 and if sustained above 278 can see further upside towards 280…282 level.
Aluminium
Aluminium has support at 208 and resistance at 212 Sustainable trade below 208 can see the downside move towards 206…204 and if sustains above 212 will take it to 214, 216 very soon.
Natural Gas
Natural Gas support has 708 and resistance 720. Sustainable trade above 720 can see more rally towards the next level of 725, 730 and if sustained below 708 then can move towards 702…696.
Crude Oil
Crude Oil has support at 7630 and resistance at 7720. Sustainable trade below 7630 can see more downside towards 7600…7560 and if sustained above 7720 will see the upside move towards 7760…7800 levels.
Follow our Telegram Channel for real-time updates of Commodities.
We are a SEBI registered investment advisor. The above free information is for education/knowledge purposes. Read the disclaimer on our website before investing.