Bullions and Metals Trades Higher, Crude Oil Too On Fire...

DAILY MCX BULLETIN FOR 18 MARCH 2024

Bull Run Continues in Bullions...

Gold - Gold is moving around the all-time highs and still looks solid on the charts. Now Gold has near support around 65350 and upside resistance around 65700. Break and sustain above 65700 will take it towards 65900 and then to 66mind-blowing000 levels.

Silver- Silver again witnessed a mind-blowing rally and performed nicely as per our expectations in the last trading session. Silver has near support around 75400 and upside resistance around 76000 levels. Break and sustain above 76000 will expect an upside move till 76300-76500 levels.

Metals Still Looks Good on the Charts…

Zinc- Zinc still moves around the positive zone and we will expect a sharp breakout in upcoming sessions. Now Zinc has near support around 221 and upside resistance around 224. Break above 224 will test 226 and then to 228 levels.

Copper - Copper performed well and continued its Bull run in the last trading session. Now Copper has next major support around 758 and upside resistance around 765 levels. Break and sustain above 765 will test 770-775 levels for the day. Buy on dips around support will be the best strategy for the traders.

Energy Sector Shines Again…

Natural Gas - Natural Gas is moving above the crucial support zone on the daily chart, indicating a sharp bounce in upcoming sessions. Now Natural Gas has major support around 137 and upside resistance around 145. Break and sustain above 145 will test 149-155 levels in upcoming sessions.

Crude Oil - Crude Oil moves in a bullish zone and looks solid for more upside move in upcoming sessions. Now Crude Oil has near support around 6660 and near resistance around 6750 levels. Break above 6750 will test 6820-6860 levels. Buy on dips around support will be a good strategy for the traders.

Daily Top Pick (18/03/2024)

Buy Natural Gas around 142 for the upside target of 147 and then to 150. Stop loss below 137.

*T&C Apply…