Bullions looks dull and Metals still trading in a green zone...

DAILY MCX BULLETIN ON 09 DEC 2021

Bullions looks mixed on the charts…

Gold - Gold falls from upper levels in the last trading session. Now Gold has next major support around 47800 and upside resistance around 48300. An hourly close below 47800 will test 47600-47500 levels in upcoming sessions. The fresh positive move will only expect above 48300 levels till 48500+ levels.

Silver - Silver closed in a narrow range in the last trading session. Now Silver has near and major support around 61000 and upside resistance around 62000 levels. Either side breakout will expect a further rally of 400-600 points in upcoming sessions.

Metals still trading in a green zone…

Nickel - Nickel still looks good on the charts for an upside move. Now Nickel has near support around 1560 and upside resistance around 1580. Break and sustain above 1580 will test 1590-1600 levels in upcoming sessions.

Copper - Copper again performed well and achieved our upside target in the last trading session. Now Copper has next support around 730 and upside resistance around 742. Traders can enter on dips around support for the intraday gain of 5-7 points. Break and sustain above 742 will test 746-750 levels in upcoming sessions.

Zinc - Zinc skyrocket and achieved our upside target in the last trading session. Now Zinc has the next resistance around 280 and next support around 272 levels. Break and sustain above 280 will test 284+ levels in upcoming sessions. Buy on dips will be a good entry for the traders.

Energy segment looks mixed on the charts...

Natural Gas - Natural Gas bounced from lower levels. Now Natural Gas has near support around 280 and upside resistance around 300. Either side breakout will decide further move in upcoming sessions.

Crude Oil - Crude was still able to close on a positive note in the last trading session. Now Crude Oil has near support around 5350 and near resistance around 5510 levels. An hourly close above 5510 will test 5550+ levels for the day.

Daily Top Pick

Buy Zinc around 275. SL-270. Tgt-279-282. *T&C Apply...