Technical Levels of Major MCX Commodities
Major Economic Data For The Day
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Gold
Gold has support at 47350 and resistance at 47500. Break and sustain below 47350 will take it to the next support level of 47200..47000 and sustainable trade above 47500 and see further upside move towards the next resistance level of 47700…47850.
Silver
Silver has support at 60100 and resistance at 60600. Break and sustain below 60100 will take it to the next support level of 59700…59300 and sustainable trade above 60600 and see further upside move towards the next resistance level of 61000…61500.
Nickel
Nickel has support at 1560 and resistance at 1570. Sustainable trade above 1570 will see the upside move towards 1578…1585 and if sustained below 1560 can catch the downside move towards 1550…1540 respectively.
Copper
Copper has support at 736 and resistance at 740. Sustainable trade above 740 will see the upside move towards 743…746 and if sustained below 736 can catch the downside move towards 731…726 respectively.
Zinc
Zinc has support at 290 and resistance at 292. Selling can see this counter below 290 for the targeting towards 288.50…286 and sustainable trade above 292 will see the upside move towards 293.50…295.
Aluminum
Aluminum has support at 233 and resistance at 235. Sustainable trade above 235 will see the upside move towards 236.50…238 and if sustained below 233 can catch the downside move towards 231…229 respectively.
Crude Oil
Crude Oil has support at 5920 and resistance at 5980. Sustainable trade above 5980 can see more upside move towards 6030….6080 and if sustained below 5920 will see the downside move towards 5850….5800 levels.
Natural Gas
Natural Gas has support at 286 and resistance at 290. Sustainable trade above 290 can see more upside move towards 295…300 and if sustained below 286 will see the downside move towards 280….275 levels.
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