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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