All commodities still looks strong for bull run...
- Millennial Investor's Service
- Mar 3, 2022
- 2 min read
DAILY MCX BULLETIN ON 03 MARCH 2022
Bullions still trading in a positive zone…
Gold April - Gold unable to breach its resistance and falls in the last trading session. Now Gold has near support around 51100 and upside resistance around 51800. Break above 51800 will test 52100 levels in the upcoming session. More upside move will expect on sustain above 52100 levels till 52400+ levels.
Silver - Silver has given a slightly corrective move in the last trading session. Now Silver has near support around 67000 and upside near resistance around 68500 levels. Break and sustain above 68500 will test 69200-69800 levels in upcoming sessions.
Metals again skyrocket…
Nickel - Nickel hit an all-time high in the last trading sessions. Now Nickel has near support around 1950 and upside resistance around 2000. A break above 2000 will test 2015-2030 levels in upcoming sessions.
Copper - Copper has given a strong breakout on the daily chart. Now Copper has next support around 790 and upside near resistance around 805. Break and sustain above 805 will see a fresh positive move till 812-820 levels in upcoming sessions.
Zinc - Zinc again closed on a bullish note with a major breakout. Now Zinc has the next resistance around 325 and the next major support around 318 levels. Buy on dips will be the best opportunity for the traders. Sustain above 325 will test 328-332 levels in upcoming sessions.
Crude Oil blast in Energy Segment...
Natural Gas - Natural Gas is trading in a range and ready for big move. Now Natural Gas has near support around 350 and upside resistance around 365. Break and sustain above 365 will test 370-374 levels in upcoming sessions.
Crude Oil - Crude skyrocketed and still looks strong on the charts. Now Crude Oil has near support around 8000 and near resistance around 8500 levels. Break above 8500 will test 8630-8700 levels in upcoming sessions. Buy on dips will be a good entry for the traders.
Daily Top Pick
Buy Copper above 805. SL-798. Target-810-815. *T&C Apply...
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