Hope you all enjoyed our levels on a daily basis. Gold prices, Copper prices rallied nicely while Natural gas and crude oil crashed vertically. Less than expected Jolts jobs opening data created volatility in the market. Today traders should concentrate on US unemployment claim data which is at 6 PM.
However, traders should concentrate on US Natural gas storage data and Crude oil inventory at 8 PM and 8:30 PM respectively.
कमोडिटी समाचार हिंदी में पढ़ने के लिए 9479799998 पर सम्पर्क करें।
Trendy Gold and Silver
Gold has support at 47750—47500 and resistance at 48000—48350
Silver has support at 69000—68700 and resistance at 69700—70200
Traders should remain cautious at upper levels in today’s trading session.
Trendy Base Metal
Copper has support at 727 and resistance at 736.
Decisive break and sustain below 727 will take it to 723—719—716 levels.
Fresh upside rally we will do on a close above 736 levels only
Nickel has support at 1355—1340 and resistance at 1390. Trade within a limited range.
Trendy Crude oil
As expected, our downside target almost achieved in Crude oil. Crude oil has support at 5280—5250 while resistance at 5430.
Traders should remain cautious at lower levels. More we will update during market hours.