commodity mcx daily report

[sara]

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GOLDmcxAPR(m)

Technical Levels
R3

21500/21900
R2

21052/190/350
R1

20930/990
Pivot

20880
S1

20820
S2

20770/690
S3

20600/20400

Technical Commentary:
On a broad basis 20700/600/400 looks to be possible, but early attempts to evolve into such sell off targeting the same are expected to find the support at 20770. However successive falls below the same would continue the sell off in near term. Meanwhile failure to clear below 20770 may call for a corrective pullback later.

Trends:
Intraday->Down
Near Term->Up

SILVERmcxAPR(m)

Technical Levels
R3

57000/60000
R2

54300/55000
R1

53400/550
Pivot

53070
S1

52900/52700
S2

52400/51700/400
S3

51000/49800

Technical Commentary:
Broad weakness is favourd towards 51800, but is unlikely to evolve into major sell off unless confirmed with consistent sell off below the strong support 51760-650 regions. However inability to clear the region may push prices higher for the day.

Trends:
Intraday->Down
Near Term->Up