Technical Levels of Gold and other Major MCX Commodities
MAJOR ECONOMIC DATA FOR THE DAY
8:30 PM Pending Home Sales m/m
Gold
Gold( Feb) has support at 48150 and resistance at 48400. Break and sustain below 48150 will take it to the next support level of 48000…47900 and sustainable trade above 48400 and see further upside move towards the next resistance level of 48550…48700.
Copper
Copper has support at 735 and resistance at 740. Sustainable trade above 740 will see the upside move towards 744…748 and if sustained below 735 can catch the downside move towards 730…726 respectively.
Zinc
Zinc has support at 271.50 and resistance at 274. Selling can see this counter below 271.50 for the targeting towards 268…266 and sustainable trade above 274 will see the upside move towards 275…277.
Crude Oil
Crude oil has support at 5340 and resistance at 5400. Sustainable trade below 5340 can see more downside towards 5300…..5260 and if sustained above 5400 will see the upside move towards 5450…5600 levels.
Rest Commodities levels we will provide only to our paid subscribers.
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