Technical Levels of Major MCX Commodities
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Gold (Aug)
Gold has its support at 49190 and resistance at 49450.
Break and sustain above 49450 could test 49650-50000 or else it could test its support again.
Fresh selling will do on a close below 49190.
Trade with the levels only.
Silver (July)
Silver has its support at 72150 and resistance at 73500.
Trade with the levels only.
Natural Gas (June)
Natural gas has its support at 217.10 and resistance at 221.50
Break and sustain above 221.50 could test 227-230 or else it could test its support again.
Fresh selling will do at a close below 212.
copper (June)
Copper has its support at 755 and resistance at 780
Copper buy around 770-772 target is 780-790 stop loss below 755
Fresh selling will do on a close below 755.
Trade with the levels only.
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