Bullions and Metal looks solid for the Bulls...

WEEKLY MCX BULLETIN FROM 11 OCT TO 14 OCT 2021

Bullions looks positive on the charts…

Gold - Gold has given a positive move in the last trading session. Now Gold has near support around 46600 and upside resistance around 47400. Break and sustain above 47400 will test 47600-47800 levels in upcoming sessions. Buy on dips around 46900 will be the best entry for the traders.

Silver - Silver too looks positive on charts and closed on a bullish note in the last trading session. Now Silver has near support around 60500 and the next resistance around 62200 levels. Break and sustain above 62200 will see fresh upside move till 62500-62800+ levels for the day. More and more upside will expect on close above 62800 till 63500-64000 levels.

Metals are trading on a positive note…

Nickel - Nickel performed mind-blowing in the last trading session. Now Nickel has near support around 1465 and upside resistance around 1500. Break and sustain above 1500 will test 1520-1535 levels. Buy on dips around support will be a good opportunity for the traders.

Copper - Copper looks positive on the charts and closed above the previous hurdle in the last trading session. Now Copper has near crucial support around 720 and upside resistance around 732. Above 732 it will test 738-744+ levels for the day.

Aluminium - Aluminium trading in a bullish zone and still looks solid for the bulls. Now Aluminium has near support around 232 and upside we will expect till 240-243 levels in upcoming sessions. Buy on dips around 235 will be the best entry for the traders.

Energy segment looks mixed for the day...

Natural Gas - Natural Gas closed on a slightly weak note in the last trading session. Now Natural Gas has near support around 418 and upside resistance around 435. Break below 418 will test 412-405 levels in upcoming sessions.

Crude Oil - Crude Oil successfully achieved our target of 6000 in the last trading session. Now Crude Oil has near support around 5750 and near resistance around 6000 levels. Break and close over 6000 will test 6100-6150 levels.

Weekly Top Pick

Sell Natural Gas below 418. SL-425. Target-412-405. *T&C Apply...