Technical Levels of Major MCX Commodities
USD 7:30 PM CB Consumer Confidence [{Previous (121.7)} {Expected (119.0)]. Forecast figure is negative for Base metals while positive for Bullions.
USD 7:30 PM FOMC Member Quarles Speak
USD 7:30 PM New Home Sales [{Previous (1021K)} {Expected (1021K)]. Forecast figure is negative for Base metals while positive for Bullions.
USD 7:30 PM Richmond Manufacturing Index [{Previous (17)} {Expected (19)]. Forecast figure is positive for Base metals while negative for Bullions.
Gold (June)
MCX Gold has its support at 48200 and resistance at 48700.
Break and sustain above 48700 could test 48900-49400 or else it could test its support again.
Fresh selling will do on a close below 48200.
Trade with the levels only.
Silver (July)
Silver has its support at 71200-70200 and resistance at 72500.
Break and sustain above 72500 could test 73200-74200 or else it could test its support again.
Fresh selling will do on a close below 70085.
Trade with the levels only.
Natural Gas (June)
Natural gas has its support at 212 and resistance at 221
Fresh selling will do at a close below 212.
Lead (June)
MCX Lead has its support at 169.20 and resistance at 171.25.
Break and sustain below 169.20 will take it to 166-162 or else it could test its resistance again.
Fresh buying will do on a close above 171.25.
Trade with the levels only.
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