Today the commodity market is seems to be in fully bearish note whether it’s a multi commodity exchange or national commodity and derivative exchange. All the metals and food grains are showing down trend.
The two most precious metals gold and silver dropped near around 90 points and 240 points for the delivery of future contract. The same condition has been seen in the price of energy products and the base metals. Cotton also used to follow the same path as of the others.
SUPPORT AND RESISTANCE LEVEL
Silver sell target 41075 | 41055 | 41045 stop loss 41175
Cotton sell target 19460 | 19445 | 19430 stop loss 19520
Crude oil sell target 6197 | 6189 | 6179 stop loss 6241
Nickel sell target 838.2 | 837.2 | 836.2 stop loss 843.2
The two most precious metals gold and silver dropped near around 90 points and 240 points for the delivery of future contract. The same condition has been seen in the price of energy products and the base metals. Cotton also used to follow the same path as of the others. SUPPORT AND RESISTANCE LEVEL
Products
|
Support Level
|
Resistance
Level
|
Gold
|
27515.1
|
27515.1
|
Jeera
|
13142.6
|
13382.4
|
Silver
|
40903.8
|
41788.2
|
Chilli
|
5480.8
|
5551.2
|
Crude oil
|
6180.3
|
6353.7
|
Sugar
|
3011.1
|
3032.9
|
Copper
|
416.4
|
422.9
|
Turmeric
|
5508.4
|
5631.6
|
Nickel
|
836.8
|
855.4
|
Silver sell target 41075 | 41055 | 41045 stop loss 41175
Cotton sell target 19460 | 19445 | 19430 stop loss 19520
Crude oil sell target 6197 | 6189 | 6179 stop loss 6241
Nickel sell target 838.2 | 837.2 | 836.2 stop loss 843.2
