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COMMODITY MARKET UPDATE -Ā
# Gold reached a new record high driven by global demand for safe-haven assets and expectations of further interest rate cuts.
# Silver prices climbed tracking a rally in gold prices as uncertainties around the upcoming US election.
# Crude oil dropped due to concerns about outlook for demand and easing fears of supply disruptions.
# Natural gas dropped on forecasts for mild weather over the next two weeks that should keep heating demand lower.
# Copper rose supported by new measures to boost liquidity in the Chinese stock market
# Zinc prices rose amid better-than-expected economic data in China lifted market sentiment.
# Aluminium gains driven by aggressive stimulus packages announced by China that boosted the demand outlook.
COMMODITY LEVELS
MCXBULLDEX - 19393
Resistance: 19489-19584-19729
Support: 19249-19104-19009
GOLD - 77749
Resistance: 77955-78170-78500
Support: 77410-77080-76865
SILVER - 95402
Resistance: 96615-97830-100140
Support: 93090-90780-89565
GOLD$ - 2723.51
Resistance: 2725.39-2727.58-2738.78
Support: 2720.81-2718.42-2707.22
SILVER$ - 33.7945
Resistance: 33.93-34.06-34.28
Support: 33.69-33.58-33.36
CRUDEOIL - 5839
Resistance: 5949-6060-6156
Support: 5742-5646-5535
NATURALGAS - 190.9
Resistance: 197-203-206.5
Support: 187.5-184-178
CRUDEOIL$ - 68.83
Resistance: 69.07-69.32-80.52
Support: 68.52-68.22-57.02
NATURALGAS$ - 2.259
Resistance: 2.27-2.281-2.501
Support: 2.237-2.215-1.995
COPPER - 822.25
Resistance: 826-829.7-834.2
Support: 817.8-813.3-809.6
ZINC - 284.9
Resistance: 285.9-287-288.8
Support: 283-281.2-280.1
ALUMINIUM - 239
Resistance: 240.6-242-244.5
Support: 236.7-234.2-232.8
LEAD - 182.55
Resistance: 183.4-184.1-184.7
Support: 182.1-181.5-180.8
COMMODITY MARKET UPDATE -
# Gold hits record high as US rate cut bets and election jitters spur demand
# Silver dropped as dollar traded at 11-week highs, underpinned by strong US economic data
# Crude oil dropped due to concerns over demand outlook and a looming surplus.
# Natural gas eased on forecasts for mild weather over the next two weeks
# Copper slipped amid a lack of forceful policy support measures for the beleaguered property sector in China.
# Zinc dropped as funds exited industrial metals and switched to gold to reduce exposure to China's struggling economy.
# Aluminium dropped weighed down by a lack of aggressive stimulus measures in China for the property market.
COMMODITY LEVELS
MCXBULLDEX - 19086
Resistance: 19140-19194-19278
Support: 19002-18918-18864
GOLD - 77107
Resistance: 77340-77570-77930
Support: 76750-76390-76160
SILVER - 91744
Resistance: 92660-93575-94390
Support: 90930-90115-89200
GOLD$ - 2693.88
Resistance: 2702.62-2711.38-2722.58
Support: 2679.24-2664.62-2653.42
SILVER$ - 31.695
Resistance: 32.06-32.41-32.63
Support: 31.33-30.95-30.73
CRUDEOIL - 5897
Resistance: 5964-6032-6096
Support: 5832-5768-5700
NATURALGAS - 197.6
Resistance: 201.6-205.7-207.9
Support: 195.3-193.1-189
CRUDEOIL$ - 70.84
Resistance: 71.48-72.13-83.33
Support: 69.81-68.79-57.59
NATURALGAS$ - 2.349
Resistance: 2.398-2.447-2.667
Support: 2.319-2.289-2.069
COPPER - 814.1
Resistance: 820-825.7-831.2
Support: 808.8-803.3-797.6
ZINC - 281.9
Resistance: 284.1-286.1-289.6
Support: 278.6-275.1-273.1
ALUMINIUM - 235.2
Resistance: 237-238.6-239.9
Support: 234.1-232.8-231.2
LEAD - 182.6
Resistance: 183.2-183.9-184.8
Support: 181.6-180.7-180
COMMODITY MARKET UPDATE -
# Gold prices held steady as the U.S. dollar remained near two-month highs
# Silver gains after a weaker-than-expected NY Empire State Manufacturing Index raised concerns about the US economy.
# Crude oil tumbled as Israel is willing not to strike Iranian oil targets, easing concerns about supply disruptions.
# Natural gas edged up as cool weather in the Northeast and Midwest adds near-term heating demand
# Copper prices slipped pressured uncertainty about China's economic recovery following lacklustre data.
# Zinc dropped as China's stimulus announcements over the weekend failed to inspire market confidence.
# Aluminium dropped following insufficient stimulus details from Beijing, with downbeat Chinese economic data adding to the decline.
MCXBULLDEX - 18970
Resistance: 19043-19116-19251
Support: 18835-18700-18627
GOLD - 76360
Resistance: 76645-76930-77370
Support: 75920-75480-75195
SILVER - 91623
Resistance: 92505-93390-94790
Support: 90220-88820-87935
GOLD$ - 2660.55
Resistance: 2673.77-2686.71-2697.91
Support: 2643.06-2625.29-2614.09
SILVER$ - 31.47
Resistance: 31.87-32.27-32.49
Support: 30.91-30.35-30.13
CRUDEOIL - 5923
Resistance: 6091-6260-6370
Support: 5812-5702-5533
NATURALGAS - 211.6
Resistance: 215.6-219.5-224.3
Support: 206.9-202.1-198.2
CRUDEOIL$ - 71.06
Resistance: 72.12-73.17-84.37
Support: 69.87-68.67-57.47
NATURALGAS$ - 2.484
Resistance: 2.54-2.597-2.817
Support: 2.436-2.389-2.169
COPPER - 817.15
Resistance: 823.8-830.4-834.8
Support: 812.8-808.4-801.8
ZINC - 281.6
Resistance: 283.9-286-289.4
Support: 278.4-275-272.9
ALUMINIUM - 235.5
Resistance: 237.3-239.1-241.4
Support: 233.2-230.9-229.1
LEAD - 182.65
Resistance: 183.8-184.8-186.4
Support: 181.2-179.6-178.6
