Bullions and Metals are on Fireee...

Daily MCX Bulletin

Gold

Gold again rebound after small correction and heading towards fresh highs. Support around 1,12,500 break below this level will see down side move till 1,11,900 mark. Resistance around 1,13,600. break and sustain above this level will see upside move till 1,14,000+ mark.

Silver

Silver is on fire, trading on a strong bullish note with higher highs formation. Support around 1,34000 and resistance around 138500 break below 134000 level will see sharp profit booking till 1,32,000 mark.

Copper

Copper too perform as per our levels and heading towards fresh highs. There was a jump of nearly 4% after the Grasberg issue became more serious. Resistance around 955, break above this level will see upside move till 960+ mark. On the Other side, support around 946, break below this level will see a downside move till 942-936, mark.

Crude Oil

Crude Oil lower inventories suggest tighter supply and helped push prices up. Support around 5680, break below this level will test 5600-5580 mark. On the other side, resistance around 5800, break and sustain above this level will see upside move till 5900, mark.

Natural Gas

Natural gas hold it's key support and trading around 254. Support around 248, break below will see more downside move around the 243-240 mark. On the other side, resistance around 258, break and sustain above this level will expect a fresh upside move till 264-266 mark.

Top Pick

Buy Silver around 136500. Stop loss below 135000. Target-138500-139300.