Bullions and Metals are heading towards the north zone...

DAILY MCX BULLETIN 03 JUNE 2022

Bullions are heading towards the north zone…

Gold - Gold again looks perfect for the fresh bull run on the daily charts. Now Gold has near support around 50700 and upside resistance around 51300. Break and sustain above 51300 will test 51500-51600 levels. Buy on dips around 50900 will be a good entry for the traders.

Silver - Silver successfully achieved our upside targets in the last trading session. Now Silver has near support around 61500 and upside resistance around 62500 levels. An hourly close above 62500 will see an upside move till 62900-63200 levels.

Metals again trying to enter in a bullish zone…

Zinc - Zinc looks positive and closed on a bullish note in the last trading session. Now Zinc has near support around 333 and upside resistance around 338. Break above 338 will test 342+ levels.

Copper - Copper skyrocketed in the last trading session. Now Copper has next support around 780 and upside resistance around 810 levels. Buy on dips will be a good entry for the traders.

Aluminium - Aluminium reversed from support levels in the last trading session. Now Aluminium has near support around 230 and near resistance around 235.50 levels. Break and sustain above 235.50 will test 238-240 levels in upcoming sessions.

Energy Segment looks positive on the charts...

Natural Gas - Natural Gas has given both side move in the last trading session. Now Natural Gas has near support around 650 and upside resistance around 680. Fresh weakness will expect on break below 650 levels.

Crude Oil - Crude Oil bounced sharply from lower levels in the last trading session. Now Crude Oil has near support around 8900 and near resistance around 9100 levels. An hourly close above 9100 will take it towards 9200-9260 levels in upcoming sessions.

Daily Top Pick

Buy Aluminium above 235. SL-230. Target-239-242. *T&C Apply...