All Eyes on Fed Speech as MCX Awaits Fresh Triggers

Daily MCX Bulletin

Gold

Gold remain cautious positioning ahead of Fed Chair speech are key factors weighing on prices. Resistance around 99500, break and sustain above this level will expect upside move till 99800-100000 mark. On the other side, support around 98900, break below this level will see downside move till 98500 mark.

Silver

Silver sharply rebound from lower levels ahead of Fed chair speech. Resistance around 113800, break and sustain above this level will see upside move till 114800 mark. Key support around 112500, break below this level will see a downside move till 111500 mark.

Copper

Copper reflecting a modest rebound from prior declines. Resistance around 882, break above this level will test 885-888 mark. On the Other side support around 875, break below this level will see a downside move till 870 mark.

Crude Oil

After two weeks of declines, Crude Oil is now stabilizing. Support around 5520, break below this level will see more further downside till 5450 mark. On the other side resistance around 5610, break and sustain above this level will see sharp upside move till 5680 mark.

Natural Gas

Natural Gas showing mild volatility and smaller-than-expected inventory build supporting price. Support around 237, break below will see more downside move around 230 mark. On the other side resistance around 246, break and sustain above 246 level will expect move toward till 252+ mark.

Top Pick

Buy Zinc around 266. Stop loss below 264. Target-269.