Today evening at 06:00 PM we have CPI m/m and CORE CPI m/m Data. Both data figures can impact Gold and Silver prices. Let’s have a look at today’s evening session Major MCX Commodities Levels.
Major US Data For Today:
Gold has support at 50400 and resistance 50700. Break and sustain below 50400 will take it to the next support level of 50250…50100 and sustainable trade above 50700 can see further upside move towards the next resistance level of 50850…51000
Silver has support at 56100 while resistance at 56800. Sustainable trade below 56100 will take it to 55800…55500 very soon. If it breaks and sustains the resistance level of 56800 then will take it to 57100—57400 respectively.
Copper has support at 624 and resistance at 630 Sustainable trade above 630 will see the upside move towards 633, 636 and if sustained below 624 can catch the downside move towards 621, 618 respectively.
Zinc has support at 272 and resistance at 275 Break and sustain below 272 will see the downside move 270—268 and if sustained above 275 can see further upside towards 277…279 level.
Aluminium has support at 205 and resistance at 209 Sustainable trade below 205 can see the downside move towards 203…201 and if sustains above 209 will take it to 211, 213 very soon.
Natural Gas support has 501 and resistance 512. Sustainable trade above 512 can see more rally towards the next level of 518, 524 and if sustained below 501 then can move towards 496…490.
Crude Oil has support at 7660 and resistance at 7750. Sustainable trade below 7660 can see more downside towards 7620…7580 and if sustained above 7750 will see the upside move towards 7790…7830 levels.
Trade safely with levels. More will update during the evening session. Follow our Telegram Channel for real-time market updates.
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