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Home » Major MCX Commodity update for the evening session.
Basemetal Crude & Natural Gas Full Mcx Gold & Silver

Major MCX Commodity update for the evening session.

MCX Commodity

 

 

Major Economic Data for the day.

 

6:00 PM – CPI m/m

6:00 PM – Core CPI m/m

 

Gold

 

Gold has support at 47130 and resistance at 47480. Break and sustain below 47130 will take it to the next support level of 47000…46850 and sustainable trade above 47480 and see further upside move towards the next resistance level of 47600…47700.

 

Silver

 

Silver has support at 61580 while resistance at 62500 Sustainable trade below 61580 will take it to 61150…60800. If it breaks and sustains the resistance level of 62500 then will take it to 62900—63300, respectively.

 

Copper

 

Copper has support at 736 and resistance at 743. Sustainable trade above 743 will see the upside move towards 747…751 and if sustained below 736 can catch the downside move towards 729…724 respectively.

 

Nickel

 

Nickel has support at 1476 and resistance at 1490. Selling can see this counter below 1476 for the targeting towards 1468…1457 and sustainable trade above 1490 will see the upside move towards 1500…1515.

 

Natural Gas

 

Natural gas support has 403 and resistance 414. Sustainable trade above 414 can see more rally towards the next level of 420…428 and if sustained below 403 then can move towards 390…375 maximum.

 

Crude Oil

 

Crude oil has support at 6000 and resistance at 6090. Sustainable trade below 6000 can see more downside towards 5950…5900 and if sustained above 6090 will see the upside move towards 6150…6200 levels.

 

 

 

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