Technical Levels of Gold and other Major Commodities
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Gold has support at 47500 and resistance at 47700. Break and sustain below 47500 will take it to the next support level of 47400…47250 and sustainable trade above 47700 and see further upside move towards the next resistance level of 47850…48000.
Silver has support at 60800 and resistance at 61300. Break and sustain below 60800 will take it to the next support level of 60500…60100 and sustainable trade above 61300 and see further upside move towards the next resistance level of 61600…62000.
Nickel has support at 1540 and resistance at 1550. Sustainable trade above 1550 will see the upside move towards 1558…1564 and if sustained below 1540 can catch the downside move towards 1533…1524 respectively.
Copper has support at 719 and resistance at 724. Sustainable trade above 724 will see the upside move towards 728…731 and if sustained below 719 can catch the downside move towards 716…712 respectively.
Zinc has support at 270 and resistance at 271.50. Sustainable trade above 271.50 will see the upside move towards 273…274.50 and if sustained below 270 can catch the downside move towards 268…266.50 respectively.
Aluminium has support at 211.50 and resistance at 213. Selling can see this counter below 211.50 for the targeting towards 209…207 and sustainable trade above 211.50 will see the upside move towards 213…215.50.
Lead has support at 184 and resistance at 185.50. Sustainable trade above 185.50 will see the upside move towards 186.50…187.25 and if sustained below 184 can catch the downside move towards 183…182 respectively.
Natural Gas has support at 321 and resistance at 327. Sustainable trade below 321 can see more downside towards 316…..310 and if sustained above 327 will see the upside move towards 332…340 levels.
Crude Oil has support at 5010 and resistance at 5060. Sustainable trade below 5010 can see more downside towards 4960…..4900 and if sustained above 5060 will see the upside move towards 5130….5175 levels.
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