Major MCX Commodities Evening session technical support and resistance levels.
MAJOR ECONOMIC DATA FOR THE DAY
6:45 PM ADP Non-Farm Employment Change.
9:00 PM Crude Oil Inventories.
GOLD
Gold has support at 51600 and resistance at 52000. Break and sustain below 51600 will take it to the next support level of 51400….50200 and sustainable trade above 51600 and see further upside move towards the next resistance level of 52200…52400.
SILVER
Silver has support at 67500 and resistance at 68000. Break and sustain below 67500 will take it to the next support level of 67100….66700 and sustainable trade above 68000 and see further upside move towards the next resistance level of 68500…68900.
NICKEL
Nickel has support at 1937 and resistance at 1957. Sustainable trade above 1957 will see the upside move towards 1968…1980 and if sustained below 1937 can catch the downside move towards 1928…1912 respectively.
COPPER
Copper has support at 790 and resistance at 795. Sustainable trade above 795 will see the upside move towards 799…803 and if sustained below 790 can catch the downside move towards 786…782 respectively.
ZINC
Zinc has support at 319 and resistance at 321.50. Sustainable trade above 321.50 will see the upside move towards 323…325 and if sustained below 319 can catch the downside move towards 317…315 respectively.
CRUDE OIL
Crude Oil has support at 8200 and resistance at 8300. Sustainable trade above 8300 can see more upside move towards 8350….8420 and if sustained below 8200 will see the downside move towards 8130….8050 levels.
NATURAL GAS
Natural Gas has support at 356 and resistance at 362. Sustainable trade above 362 can see more upside move towards 369…375 and if sustained below 356 will see the downside move towards 345….333 levels.
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