Commodity Market Technical Report 31 July



Gold costs are touching in the extent. Costs are relied upon to have resistance at 28000 28100 and costs are predictable to stay feeble till it figures out how to exchange beneath 28000 28100. On lower side costs have support at 27700 – 27800 and costs can stay in this extent. 

Silver costs are predictable to have day resistance close to 44650 – 44950 and selling could be seen present. Costs on drawback can Support 44000 - 44250. Costs ought not move over 45000 to keep up harmful viewpoint for the day. 

Base Metals 

Copper:
Copper costs can confront resistance at 437.00 - 440.50 on upper side and new breakout might be checked whether costs support over this. Costs can take intraday support at 430.50 - 432.30 and purchasing could be seen present. 

Zinc:
Zinc August costs can take day support at 142.70 - 143.30 and purchasing could be seen there. On upper side costs can again confront resistance 145.5-146.0 and costs are predictable upon to stay in this extent. 

Lead:
Lead August costs are predictable upon to have day support at 135.20 - 136.10 and costs can test 135.20 - 136.10 on advanced side. Costs ought not to drop Resistance Ranges 137.80 - 138.20 to keep up optimistic viewpoint for the day. 

Nickel:
Nickel August costs has support at 1139.00-1145.00 and purchasing could be seen there. Costs on advanced side can analysis 1155.00 - 1165.00 and will again confront resistance there. Costs are predictable upon to stay positive the extent that it exchanges over 1125 for the day. 

Aluminum:
Aluminum August costs is predictable upon to have support at 120.70 - 121.40 and costs on higher side can Resistance 122.80 - 123.40 Marks. Costs can stay sideways to higher for the day. 

Crude Oil:
Aug Crude Oil costs can see selling weight at larger Marks approximately 6100. Costs are predictable to have channel support on weakness close to 6010 level and again purchasing investment will rise there. Costs ought not to drop underneath 5970 to keep up position standpoint generally crisp selling will develop. 

Natural Gas:
Natural Gas costs are predictable upon to stay sideways to negative till costs couldn't move above Rs234.0. Costs on lower side can take support at 225 and purchasing investment will develop there as there is negative change in the outline.

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11:06 AM | |

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