In the last contract, we have seen good volume trades in Copper and traded with positive bias. In our positional view, we clearly indicated to buy Copper around 696 levels. The contract is changed and now work on the fresh continuation chart. Watch our update on Copper Support at 748—743
MCX Copper (Aug) is heading towards 778 levels. Base metal looks trendy on the weekly chart. As shown in the figure, Copper breached the resistance level of 745 and settled around 750. On Friday, Copper, and Nickel spurts because of the spot market demand and gained more than 2% and
After minted money in Nickel, now it’s time for Natural Gas. Natural gas is heading towards 300 levels. Traders should keep an eye on 284 levels. Let’s discuss about Natural Gas Natural gas is forming a Flag candlestick pattern on the daily chart and hurdle at 284 while support at
Bottom fishing is likely to happen in MCX Lead futures… Read our levels carefully. MCX Lead was not to breached its resistance level of 182 and slipped to 177.50 levels. It has support at 176.50—175.00 and resistance at 180.00 Fresh downside panic we will see on a close below 175
Opec+ members are ready to increase output from December onward. There is a dispute between UAE and Saudi related to crude oil production. Entire global economies are facing inflation hikes due to the rise in Crude oil prices. Last week, Crude oil prices crossed $76 per barrel but this news
Nickel is moving towards the north direction from the last few trading sessions as seen in the below chart. Base metals are in the uptrend zone but a consolidation phase is going on. Nickel moved from 1150 to 1400 levels in just 4 months of the trading session. Now, what
Trendy Bullion Gold traded with positive bias in the last week. It made a high of 48290 and settled around 47910. On seeing the weekly chart, Gold has support at 47400—47250 and resistance at 48300—48900. Chances are bright that Gold could test its resistance level of 48300—48900 levels. More and
US unemployment rose slightly on Thursday to 373000 as compared to last Thursday of 371000. Dollar impacted by this day and slipped from the top. The dollar index may create panic around 93—94 levels. So traders remain cautious at upper levels. Traders should have a close eye on G20 Summit
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.
The meeting of OPEC has not determined the direction to increase the production of crude and the meeting which has been going on for almost a week has created a controversy. Yesterday we saw a decline in crude oil prices as Russia agreed to increase production by 4 lakh barrels
