Bullions looks bright and metals shines again...

DAILY MCX BULLETIN ON 08 MARCH 2022

Bull run continues in Bullions...

Gold - Gold is trading in higher zone and closed on a bullish note in the last trading session. Now Gold has near support around 53250 and crucial resistance around 54000. Break above 54000 will test 54250-54500 levels in upcoming session. Negative move will expect on break below 53250 levels till 53000-52800.

Silver - Silver breaks 70000 and given a solid move in the last trading session. Now Silver has near support around 69500 and upside near resistance around 71000 levels. Break and sustain above 71000 will test 71600-72000 levels in upcoming sessions.

Metals still trading in sky…

Nickel- Nickel blast with gain of more than 65% in just single day. Now Nickel is highly risky for the traders as we will expect huge gaps in bid ask. So avoid trading as of now till price settled.

Copper - Copper too blast on the daily chart. Now Copper has next support around 830 and upside near resistance around 860. Break and sustain above 860 will see positive move till 868-880 levels in upcoming sessions.

Zinc - Zinc again closed on a bullish note with strong move. Now Zinc has next resistance around 342 and next support around 330 levels. Sustain above 342 will test 346-350 levels in upcoming sessions.

Bulls still in commanding position in Energy Segment...

Natural Gas - Natural Gas is trading around support. Now Natural Gas has near support around 370 and upside resistance around 390. Break and sustain below 370 will test 360-355 levels in upcoming sessions.

Crude Oil - Crude again rocks and still looks soild on the charts. Now Crude Oil has near support around 9000 and near resistance around 9500 levels. Break above 9500 will test 9650-9750 levels in upcoming sessions.

Daily Top Pick

Sell Zinc below 330. Stop loss above 335. Target-326-322.

*T&C Apply...