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Home » Major MCX Commodities Evening Update for today (08th Feb 2021)
Basemetal Crude & Natural Gas Full Mcx Gold & Silver

Major MCX Commodities Evening Update for today (08th Feb 2021)

Major MCX

 

 

Major MCX Commodities Evening Update

 

Gold (April)

 

Gold has its support at 47000-47150 and resistance at 47500-47600.

Break and sustain above 47600 will take it to 48300,48500+++ levels or else it could test its support again.

Trade safely with levels only and wait for confirmation.

 

Silver (March)

 

Silver has its support at 68300–68200and resistance at 69700-70500

Break and sustain above 69200 will take it to 70400,70500++ levels or else it could test its support again.

Trade safely with levels only and wait for confirmation.

 

Crude oil (Feb)

Crude oil has its support at 4130-4100 and resistance at 4250-4270

Break and sustain above 4250 will take it to 4350,4400++++ levels or else it could test its support again.

Fresh selling will do on a close below 4120

Trade with the levels only.

 

Natural Gas (Feb)

 

Natural gas has its support at 209-206 and resistance at 218-220

Break and sustain above 218 will take it to 225-230++++ levels or else it could test its support again.

Fresh selling will do on a close below 206.

Trade with the levels only.

 

Copper (Feb)

 

Copper has its support at 603and resistance at 615,618

Break and sustain above 615 will take it to 622,625+++ levels or else it could test its support again.

Fresh selling will do on a close below 596.

Trade with the levels only.

 

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We are a SEBI registered investment advisor. The above free information is for education/knowledge purposes. Read disclaimer on our website before investing.

 

 

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