Major MCX Commodities support and resistance levels for today evening session!
Gold has support at 50700 and resistance 51000. Break and sustain below 50700 will take it to the next support level of 50550…50400 and sustainable trade above 51000 can see further upside move towards the next resistance level of 51150…51300
Silver has support at 60200 while resistance at 60800. Sustainable trade below 60200 will take it to 59900…59600 very soon. If it breaks and sustain the resistance level of 60800 then will take it to 61000—61300 respectively.
Copper has support at 707 and resistance at 713 Sustainable trade above 713 will see the upside move towards 716, 719 and if sustained below 707 can catch the downside move towards 704, 701 respectively.
Zinc has support at 298 and resistance at 304 Break and sustained below 298 will see the downside move 296—294 and if sustained above 304 can see further upside towards 306…308 level.
Aluminium has support at 213 and resistance at 217 Sustainable trade below 213 can see the downside move towards 211…209 and if sustains above 217 will take it to 219, 221 very soon.
Natural Gas support has 510 and resistance 520. Sustainable trade above 520 can see more rally towards the next level of 525, 530 and if sustained below 510 then can move towards 505…500.
Crude Oil has support at 8750 and resistance at 8840. Sustainable trade below 8750 can see more downside towards 8710…8670 and if sustained above 8840 will see the upside move towards 8880…8920 levels.
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