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Home » Weekly Update – Major MCX Commodities weekly support and resistance levels.
Commodity weekly update Full Mcx

Weekly Update – Major MCX Commodities weekly support and resistance levels.

MCX Commodity weekly levels June 2021

 

Support and Resistance levels of Major MCX Commodities

 

 

MCX Gold (Aug)

 

Gold has its support at 48750 and resistance at 49600.

Now, what to expect??

If it breaks and sustains above 49200 then upside rally likely to continue till 49600-49900 levels in days to come.

(Traders can buy Gold in panic above 49200 with stop loss below 48750 on a closing basis)

Fresh selling will do on a close below 48750 levels.

Trade with the levels only.

 

 

 

Silver (July)

 

MCX Silver has its support at 70500 and resistance at 72800.

Now, what to expect??

Break and sustain above 72800 will take it to 74100-74700 or else it could test its support levels again.

On the other hand, if it breaks below 70500 then it could see downside panic again till 70100 levels.

Trade safely with levels only.

 

 

 

Base Metals

Copper (June)

 

MCX Copper has its support at 755 and resistance at 790.

Now, what to expect???

Break and sustain above 770.50 will take it to 790–805 or else it could test its support levels again.

On the other hand, if it breaks below 755 then we can see downside panic again till 743-735 levels.

Trade safely with levels only.

 

 

Energy

 

Crude Oil (June)

 

Crude Oil, support at 4850 and resistance at 4905.

Wherever it breaks and close will decide the further direction of Crude oil.

 

 

Natural Gas (June)

 

Natural gas has its support at 212 and resistance at 221

Break and sustain above 221 will see an upside move till 230. Closing on the daily chart above 230 will see more and more upside move till 235-240++ levels in days to come or else it could test its support levels again.

 

 

Traders can trade safely in above mentioned MCX Commodities with given levels only. Support and Resistance chart of all commodities will provide daily during market hours. To get the same on your WhatsApp. Click on the image given below and fill your details.

 

Commodity Update on WhatsApp

 

We are SEBI registered investment advisor. Above mentioned levels are for educational purpose. Kindly read disclaimer on our website before trading in it.

 

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