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Home » Technical Levels of Gold and other Major MCX Commodities for evening session.
Basemetal Crude & Natural Gas Full Mcx Gold & Silver

Technical Levels of Gold and other Major MCX Commodities for evening session.

Gold

 

 

Technical Levels of Gold and other Major Commodities

 

Gold

Gold has its support at 44950 and resistance at 45400.

Break and sustain above 45400 will take it to 45900—46200. More and more upside rally we will expect on a close above 46200 levels or else it could test its support level of 44900 again.

Fresh selling we will do on a close below 44900 levels only.

 

Silver (MAY)

 

Silver has its support at 67300. and resistance at 68700.

There is a huge difference between the support and resistance level. So, trade within the range and wait for the confirmation.

 

Crude oil

 

Crude oil has it its support of 4390 and resistance at 4500.
Break and sustain above 4500 will take it 4600–4670. More and more upside rally we will expect on a close above 4680 levels or else it could test its support level of 4390 again.

Fresh selling we will do on a close below 4390 levels only.

 

Natural Gas

 

Natural gas has its support at 198 and resistance at 208.

Break and sustain above 208 will take it to 217–223. More and more upside rally we will see on a close above 223 or else it could test its support level of 198.

Fresh selling will do on a close below 198 levels only.

 

Copper

 

Copper has it its support 695 and resistance at 710.

Break and sustain above 710 will take it to 725-730 levels or else it could test its support again.

Fresh selling we will do on a close below 695 level only.

Enjoy profits

 

 

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