Major Economic Data For the day
7:30 PM – ISM Services PMI
7:30 PM – IBD/TIPP Economic Optimism
Gold has support at 46600 and resistance at 46810. Break and sustain below 46600 will take it to the next support level of 46480…46350 and sustainable trade above 46810 can see further upside move towards the next resistance level of 46960…47100.
Silver has support at 60500 while resistance at 61200 Sustainable trade below 60500 will take it to 6000…59500. If it breaks and sustains the resistance level of 61200 then will take it to 61700—62200, respectively.
Copper has support at 710 and resistance at 717. Sustainable trade above 717 will see the upside move towards 721…725.50 and if sustained below 710 can catch the downside move towards 704…697 respectively.
Nickel has support at 1385 and resistance at 1400. Selling can see this counter below 1385 for the targeting towards 1370…1355 and sustainable trade above 1400 will see the upside move towards 1410…1428.90.
Zinc has support at 255.50 and resistance at 257.30. Sustainable trade above 257.30 will see the upside move towards 257.30…261 and if sustained below 255.50 can catch the downside move towards 253.50…252 respectively.
Natural gas support has 433 and resistance 447. Sustainable trade above 447 can see more rally towards the next level of 452…458 and if sustained below 433 then can move towards 425…420 maximum.
Crude oil has support at 5775 and resistance at 5860. Sustainable trade below 5775 can see more downside towards 5740…5700 and if sustained above 5860 will see the upside move towards 5900…5935 levels.
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