Bullions and Metals Again Looks Solid on Charts...

Daily MCX Bulletin

Gold

Gold has climbed to a one-week high amid renewed speculation that the (Fed) may cut interest rates soon. Support around 1,25,200 break below this level will see down side move till 1,24,800 mark. Resistance around 1,25,800. break and sustain above this level will see upside move till 1,26,200 - 1,26,500 mark.

Silver

Silver has also seen gains, buoyed by the broader precious-metals rally. Support around 1,60,800 and break below this level will test 1,60,000 mark. Resistance around 1,62,800 break and sustain above this level will see upside move till 1,63,800.

Copper

Copper continue to hold value, supported by industrial demand. Resistance around 1024, break above this level will see upside move till 1030, mark. On the Other side, support around 1016, break below this level will see a downside move till 1010-1008 mark.

Crude Oil

Global crude-oil prices have been choppy recent uptick was triggered by technical factors and short-covering but markets remain cautious due to oversupply. Support around 5160 break below this level will test 5100-5060 mark. On the other side, resistance around 5260, break and sustain above this level will see upside move till 5340 mark.

Natural Gas

Colder weather sets in globally and in Asia, demand for Natural gas could push prices up — especially if supply or storage becomes tight. Support around 408 , break below will see more downside move around the 402 mark. On the other side, resistance around 416, break and sustain above this level will see upside move till 422-426 mark.

Top Pick

Buy Crude Oil around 5220, Stop loss below 5140.

Target 5310-5360