Bullions Again Heading Towards Fresh Highs and Metal Too...

Daily MCX Bulletin

Gold

Gold remains strong, supported by uncertainty and safe heaven demands. Support around 1,35,000 break below this level will see sharp down side move till 1,34,00 mark. Resistance around 1,36,200, break and sustain above this level will see upside move till 1,36,800 and also will see a new fresh high.

Silver

Silver has surged historically, even overtaking crude oil prices metrics in recent moves. Support around 2,10,000 and resistance around 2,15,000, break below 2,10,000 level will see sharp profit booking till 2,08,000 mark.

Copper

Copper prices are near record high on tight supply and strong demand. Resistance around 1124, break above this level will see upside move till 1130 mark. On the Other side, support around 1110, break below this level will see a downside move till 1100 mark.

Crude Oil

Recent last days price shows some rebound at lower levels. Support around 5080, break below this level will test 5000-4960 mark. On the other side, resistance around 5180, break and sustain above this level will see upside move till 5250-5280 mark.

Natural Gas

Natural gas shows some tightness in U.S. export markets, potentially causing price upsticks. Support around 358, break below will see more downside move around the 352-348 mark. On the other side, resistance around 374, break and sustain above this level will expect a fresh upside move till 380 mark.

Top Pick

Buy Zinc around 303.

Stop loss below 300.

Target 306-308.