CRUDE STAR

🙏Morning Updates🙏 World Markets @ 8.20 am SGX Nifty 15902 +201Pts +1.42% NIKKEI +1.04% HANG SENG +2.39% SHANGHAI +1.08% DOWJONES +2.68% US30 FUT +0.22% Crude Oil WTI 108.3 $ +0.69$ Major Data/News Russia defaults on foreign debt for first time since 1918 G7 announces ban on import of Russian gold amid war with Ukraine GST Council to hold its 47th meeting in Srinagar from Jun 28-29th FII/DII Trade Summary 24-06-2022 Cash Segment FII/FPI Net -2353 Cr DII Net 2213 Cr F&O FII Net Index FUT 667 Cr Index OPT -1018 Cr STOCK FUT 1408 Cr STOCK OPT -45 Cr Securities in F&O Ban for 26-06-2022 DELTACORP,IBULHSGFIN,RBLBANK,SUNTV

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📢 *Evening MCX Commodities Update* ✍🏻 ✒️ *Kindly follow our levels carefully.* 👇🏻 ✒️ *Gold* 🥇 has support at 51000 and resistance 51300. Break and sustain below 51000 will take it to the next support level of 50850...50700 and sustainable trade above 51300 can see further upside move towards the next resistance level of 51450…51600 ✒️ *Silver* 🥈 has support at 61800 while resistance at 62500. Sustainable trade below 61800 will take it to 61500...61200 very soon. If it breaks and sustain the resistance level of 62500 then will take it to 62800---63000, respectively. ✒️ *Copper* 🥉 has support at 776 and resistance at 782 Sustainable trade above 782 will see the upside move towards 785, 788 and if sustained below 776 can catch the downside move towards 773, 770 respectively. ✒️ *Zinc* 🥉 has support at 333 and resistance at 337 Break and sustained below 333 will see the downside move 331---330 and if sustained above 337 can see further upside towards 339…340 level. ✒️ *Aluminium* 🪩 has support at 241 and resistance at 245.50 Sustainable trade below 241 can see the downside move towards 239...237 and if sustains above 245.50 will take it to 247, 249 very soon. ✒️ *Natural gas* ⛽ support has 680 and resistance 690. Sustainable trade above 690 can see more rally towards the next level of 695, 700 and if sustained below 680 then can move towards 675…670. ✒️ *Crude oil* 🛢️ has support at 8910 and resistance at 9000. Sustainable trade below 8910 can see more downside towards 8870…8830 and if sustained above 9000 will see the upside move towards 9040…9080 levels.

*Major US Economic Data in Today’s Evening Session* *A series of data US Data lined up today in the evening session* 05:05 PM: FOMC Member Bullard Speaks 06:00 PM: Core PCE Price Index m/m, Goods Trade Balance, Personal Income m/m, Personal Spending m/m and Prelim Wholesale Inventories m/m 07:30 PM: Revised UoM Consumer Sentiment and Revised UoM Inflation Expectations (⚠️Overall market can react volatile specially Bullion counter in the evening session) ✒️ *Gold* 🪙 has support at 51000 and resistance 51300. Break and sustain below 51000 will take it to the next support level of 50850...50700 and sustainable trade above 51300 can see further upside move towards the next resistance level of 51450…51600 ✒️ *Silver* 🥈 has support at 62300 while resistance at 62900. Sustainable trade below 62300 will take it to 62000...61700 very soon. If it breaks and sustain the resistance level of 62900 then will take it to 63200---63500, respectively. ✒️ *Copper* 🥉 has support at 771 and resistance at 778 Sustainable trade above 778 will see the upside move towards 781, 784 and if sustained below 771 can catch the downside move towards 768, 765 respectively. ✒️ *Zinc* 🟤 has support at 322 and resistance at 327 Break and sustained below 322 will see the downside move 320---318 and if sustained above 327 can see further upside towards 329…331 level. ✒️ *Aluminium* 🟫 has support at 240 and resistance at 245 Sustainable trade below 240 can see the downside move towards 238...236 and if sustains above 245 will take it to 247, 249 very soon. ✒️ *Natural Gas* 🔥 support has 669 and resistance 679. Sustainable trade above 679 can see more rally towards the next level of 684, 689 and if sustained below 669 then can move towards 665…660. ✒️ *Crude Oil* ⛽ has support at 8760 and resistance at 8850. Sustainable trade below 8760 can see more downside towards 8720…8680 and if sustained above 8850 will see the upside move towards 8900…8950 levels.

*Major US Economic Data in Today’s Evening Session* *A series of data US Data lined up today in the evening session* 05:05 PM: FOMC Member Bullard Speaks 06:00 PM: Core PCE Price Index m/m, Goods Trade Balance, Personal Income m/m, Personal Spending m/m and Prelim Wholesale Inventories m/m 07:30 PM: Revised UoM Consumer Sentiment and Revised UoM Inflation Expectations (⚠️Overall market can react volatile specially Bullion counter in the evening session) ✒️ *Gold* 🪙 has support at 51000 and resistance 51300. Break and sustain below 51000 will take it to the next support level of 50850...50700 and sustainable trade above 51300 can see further upside move towards the next resistance level of 51450…51600 ✒️ *Silver* 🥈 has support at 62300 while resistance at 62900. Sustainable trade below 62300 will take it to 62000...61700 very soon. If it breaks and sustain the resistance level of 62900 then will take it to 63200---63500, respectively. ✒️ *Copper* 🥉 has support at 771 and resistance at 778 Sustainable trade above 778 will see the upside move towards 781, 784 and if sustained below 771 can catch the downside move towards 768, 765 respectively. ✒️ *Zinc* 🟤 has support at 322 and resistance at 327 Break and sustained below 322 will see the downside move 320---318 and if sustained above 327 can see further upside towards 329…331 level. ✒️ *Aluminium* 🟫 has support at 240 and resistance at 245 Sustainable trade below 240 can see the downside move towards 238...236 and if sustains above 245 will take it to 247, 249 very soon. ✒️ *Natural Gas* 🔥 support has 669 and resistance 679. Sustainable trade above 679 can see more rally towards the next level of 684, 689 and if sustained below 669 then can move towards 665…660. ✒️ *Crude Oil* ⛽ has support at 8760 and resistance at 8850. Sustainable trade below 8760 can see more downside towards 8720…8680 and if sustained above 8850 will see the upside move towards 8900…8950 levels.

*Technical Support and Resistance Major MCX Commodities for today's evening session* *Major US Economic Data (26th May 2022)* 06:00 PM: Prelim GDP q/q, Unemployment Claims and Prelim GDP Price Index q/q 07:30 PM: Pending Home Sales m/m 08:00 PM: Natural Gas Storage ✒️ *Gold* 🪙 has support at 50600 and resistance 50900. Break and sustain below 50600 will take it to the next support level of 50450...50300 and sustainable trade above 50900 can see further upside move towards the next resistance level of 51050…51200 ✒️ *Silver* 🥈has support at 61200 while resistance at 61700. Sustainable trade below 61200 will take it to 61000...60700 very soon. If it breaks and sustain the resistance level of 61700 then will take it to 62000---62300, respectively. ✒️ *Copper* 🏅 has support at 763 and resistance at 770 Sustainable trade above 770 will see the upside move towards 773, 776 and if sustained below 763 can catch the downside move towards 760, 757 respectively. ✒️ *Zinc*🥉 has support at 318 and resistance at 322 Break and sustained below 318 will see the downside move 316---314 and if sustained above 322 can see further upside towards 324…326 level. ✒️ *Aluminium* 🔲 has support at 240 and resistance at 244 Sustainable trade below 240 can see the downside move towards 238...236 and if sustains above 244 will take it to 246, 248 very soon. ✒️ *Natural Gas* ⛽ support has 694 and resistance 704. Sustainable trade above 704 can see more rally towards the next level of 710, 715 and if sustained below 694 then can move towards 690…685. ✒️ *Crude Oil* 🛢️ has support at 8600 and resistance at 8700. Sustainable trade below 8600 can see more downside towards 8550…8500 and if sustained above 8700 will see the upside move towards 8750…8800 levels. ✒️ Kindly follow our levels carefully. Read the disclaimer on our website before trading / investing. These levels are for educational purposes only.

GOOD call Target hiit

BUY MCX NATURALGAS 700 CE ABOVE 70.0 TARGETS 75.0-80.0 SL BELOW 65.0

*🌞☕Pre Market Update*_ At around 7:44 am SGX Nifty is at 17,008 (-188 points), indicating gap down opening for the markets. _*The index has formed a double bottom in the 16,850-16,900 zone and this level would act as a major support on the downside, sustainable breach below this levels will take the index towards 16600 on the downside, Upside resistance is around 17200 level*_ _More we will update during Market hours_