Technical Levels of Major MXC Commodities
MAJOR ECONOMIC DATA FOR THE DAY
8:30 PM Final Wholesale Inventories m/m
Gold has support at 47350 and resistance at 47500. Break and sustain below 47350 will take it to the next support level of 47200..47000 and sustainable trade above 47500 and see further upside move towards the next resistance level of 47700…47850.
Silver has support at 60200 and resistance at 60700. Break and sustain below 60200 will take it to the next support level of 59700…59300 and sustainable trade above 60700 and see further upside move towards the next resistance level of 61200…61600.
Nickel has support at 1565 and resistance at 1580. Sustainable trade above 1580 will see the upside move towards 1590…1597 and if sustained below 1565 can catch the downside move towards 1555…1545 respectively.
Copper has support at 738 and resistance at 742. Sustainable trade above 742 will see the upside move towards 745…748 and if sustained below 738 can catch the downside move towards 733…729 respectively.
Zinc has support at 287 and resistance at 289.50. Selling can see this counter below 287 for the targeting towards 285…284 and sustainable trade above 289.50 will see the upside move towards 292…294.
Aluminum has support at 232 and resistance at 235. Sustainable trade above 235 will see the upside move towards 236.50…238 and if sustained below 232 can catch the downside move towards 230…228 respectively.
Crude Oil has support at 5830 and resistance at 5880. Sustainable trade above 5880 can see more upside move towards 5920….5980 and if sustained below 5830 will see the downside move towards 5780….5710 levels.
Natural Gas has support at 304 and resistance at 310. Sustainable trade above 310 can see more upside move towards 320…327 and if sustained below 304 will see the upside move towards 297….285 levels.
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