Technical Levels of Major MCX Commodities
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Gold has support at 47800 and resistance at 48000. Break and sustain below 47800 will take it to the next support level of 47700….47600 and sustainable trade above 48000 and see further upside move towards the next resistance level of 48100…48200.
Silver has support at 61700 and resistance at 62100. Break and sustain below 61700 will take it to the next support level of 61300…61000 and sustainable trade above 62100 and see further upside move towards the next resistance level of 62500…62800.
Nickel has support at 1626 and resistance at 1640. Sustainable trade above 1640 will see the upside move towards 1648…1655 and if sustained below 1626 can catch the downside move towards 1617…1609 respectively.
Copper has support at 737 and resistance at 742. Sustainable trade above 742 will see the upside move towards 745…749 and if sustained below 737 can catch the downside move towards 734…731 respectively.
Zinc has support at 286 and resistance at 289. Sustainable trade above 289 will see the upside move towards 290.50…291.50 and if sustained below 286 can catch the downside move towards 284…283 respectively.
Crude Oil has support at 6210 and resistance at 6260. Sustainable trade above 6260 can see more upside move towards 6310….6360 and if sustained below 6210 will see the downside move towards 6160….6110 levels.
Natural Gas has support at 314 and resistance at 320. Sustainable trade above 320 can see more upside move towards 326…332 and if sustained below 314 will see the upside move towards 309….304 levels.
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