Technical Levels of Major MCX Commodities
MAJOR ECONOMIC DATA FOR THE DAY
8:30 PM Prelim UoM Consumer Sentiment
8:30 PM Prelim UoM Inflation Expectations
Gold has support at 48600 and resistance at 48800. Break and sustain below 48600 will take it to the next support level of 48500….48350 and sustainable trade above 48800 and see further upside move towards the next resistance level of 48900…49050.
Silver has support at 62000 and resistance at 62500. Break and sustain below 62000 will take it to the next support level of 61600….61100 and sustainable trade above 62500 and see further upside move towards the next resistance level of 63000…63450.
Nickel has support at 1760 and resistance at 1780. Sustainable trade above 1780 will see the upside move towards 1790…1805 and if sustained below 1760 can catch the downside move towards 1750…1740 respectively.
Copper has support at 769 and resistance at 774. Sustainable trade above 774 will see the upside move towards 778…782 and if sustained below 769 can catch the downside move towards 765…761 respectively.
Zinc has support at 306 and resistance at 309. Sustainable trade above 309 will see the upside move towards 311…313.50 and if sustained below 306 can catch the downside move towards 304.50…302 respectively.
Crude Oil has support at 6750 and resistance at 6830. Sustainable trade above 6830 can see more upside move towards 6880….6940 and if sustained below 6750 will see the downside move towards 6700….6650 levels.
Natural Gas has support at 297 and resistance at 306. Sustainable trade above 306 can see more upside move towards 312…319.50 and if sustained below 297 will see the downside move towards 290….284 levels.
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