Technical Levels of Major MCX Commodities
USD 6:00 PM Core Durable Goods Orders m/m[{Previous (0.8%)} {Expected (0.8%)]. Forecast figure is negative for Base metals while positive for Bullions.
USD 6:00 PM Prelim GDP Price Index q/q[{Previous (1.9%)} {Expected (0.6%)]. Forecast figure is negative for Base metals while positive for Bullions.
USD 8:00 PM Natural Gas Storage[{Previous (71B)} {Expected (105B)]. Forecast figure positive for natural gas
Gold (June)
Gold has its support at 48450 and resistance at 49200.
Break and sustain above 49200 could test 49450-49700 or else it could test its support again.
Fresh selling will do on a close below 48450.
Trade with the levels only.
Silver (July)
Silver has its support at 70500 and resistance at 71900.
Trade with the levels only.
Natural Gas (June)
Natural gas has its support at 212 and resistance at 223
Fresh Buying will do on a close above 223
Nickel (June)
Nickel has its support at 1275 and resistance at 1280
Break and sustain above 1275 will take it to 1280-1285 or else it could test its resistance again.
Fresh selling will do at a close below 1245.
Trade with the levels only.
We are a SEBI registered investment advisor. The above free information is for education/knowledge purposes. Read disclaimer on our website before investing.
