Technical Levels of Major Commodities
MAJOR ECONOMIC DATA FOR THE DAY
8:15 PM Flash Manufacturing PMI
8:15 PM Flash Services PMI
8:30 PM Richmond Manufacturing Index
Gold
below 47580 will take it to the next support level of 47450…47300 and sustainable trade above 47850 and see further upside move towards the next resistance level of 48000…48170.
Silver
Silver has support at 63450 while resistance at 64000 Sustainable trade below 63450 will take it to 63000….62680. If it breaks and sustain the resistance level of 64000 then will take it to 64450—65000, respectively.
Copper
Copper has support at 734 and resistance at 740. Sustainable trade above 740 will see the upside move towards 744…748 and if sustained below 734 can catch the downside move towards 730…726 respectively.
Nickel
Nickel has support at 1565 and resistance at 1580. Selling can see this counter below 1565 for the targeting towards 1553…1540 and sustainable trade above 1580 will see the upside move towards 1590…1605.
Zinc
Zinc has support at 274 and resistance at 279. Selling can see this counter below 274 for the targeting towards 272…269 and sustainable trade above 279 will see the upside move towards 281.50…284.
Natural Gas
Natural gas support has support at 374 and resistance 380. Sustainable trade above 380 can see more rally towards the next level of 388…395 and if sustained below 374 then can move towards 367…360 maximum.
Crude Oil
Crude oil has support at 5630 and resistance at 5700. Sustainable trade below 5630 can see more downside towards 5590…5540 and if sustained above 5700 will see the upside move towards 5760…5810 levels.
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