Major MCX Commodities Evening Session Technical Support and Resistance Levels
Major Economic Data for the day
07:30 PM Factory Orders
Gold has support at 51400 and resistance at 51600. Break and sustain below 51400 will take it to the next support level of 51250….51100 and sustainable trade above 51600 and see further upside move towards the next resistance level of 51750…51960.
Silver has support at 66700 and resistance at 67000. Break and sustain below 66700 will take it to the next support level of 66300….66000 and sustainable trade above 67000 and see further upside move towards the next resistance level of 67400…68000.
Copper has support at 813 and resistance at 817. Sustainable trade above 817 will see the upside move towards 822…826 and if sustained below 813 can catch the downside move towards 809….804 respectively.
Zinc has support at 358 and resistance at 362. Sustainable trade above 362 will see the upside move towards 364.50….367 and if sustained below 358 can catch the downside move towards 355.50….352 respectively.
Crude Oil has support at 7450 and resistance at 7550. Sustainable trade above 7550 can see more upside move towards 7660….7740 and if sustained below 7450will see the downside move towards 7360….7280 levels.
Natural Gas has support at 428 and resistance at 435. Sustainable trade above 435 can see more upside move towards 442…448 and if sustained below 428 will see the downside move towards 420….410 level.
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