Bullions looks dull while Oil looks weak...

WEEKLY MCX BULLETIN FROM 28 MARCH TO 01 APRIL 2022 Bullions are trading in a range ahead of expiry…

Gold - Gold is trading around its major hurdle and closed on a slightly weak note in the last trading session. Now Gold has near support around 51700 and upside resistance around 52100. Break and close above 52100 will test 52300 and more upside will expect on a break above 52300 till 52600+ levels in the upcoming session. If it closes below 51700 then it will test 51400-51200 levels again.

Silver - Silver too trading on lower levels on the charts. Now Silver has near support around 68000 and upside resistance around 70000 levels. Fresh upside move will expect on close above 70000 levels till 70600-71500 levels. Major weakness will expect on close below 68000 levels.

Metals are trading on a slightly weak note…

Zinc - Zinc is trading around major support and formed a small doji in the last trading sessions. Now Zinc has near support around 332 and upside resistance around 340. If Zinc is able to sustain above 340 then it will test 343-346 levels again.

Copper - Copper has given a slightly negative move in the last trading session. Now Copper has next support around 815 and upside resistance around 828 levels. If Copper break below 815 then it will test 808-802 levels in upcoming sessions. A fresh bullish move will expect on close above 828 levels.

Lead - Lead is trading on lower levels and formed a weak pattern on the charts. Now Lead has major support around 183 and near resistance around 186 levels. Break and close below 183 will test 181-178 levels in upcoming sessions.

Energy Segment looks mixed on charts...

Natural Gas - Natural Gas has given a positive move in the last trading session. Now Natural Gas has near support around 415 and upside resistance around 435. Break and sustain above 435 will test 444+ levels in upcoming sessions.

Crude Oil - Crude recovered well from lower levels in the last trading session. Now Crude Oil has major support around 8250 and major resistance around 8750 levels. We will expect a gap-down move for the day. If Crude Oil is able to close below 8250 then it will test 8050-7900 levels in upcoming sessions.

Weekly Top Pick

Sell Crude Oil around 8600. SL-8750. Target-8400-8300. *T&C Apply...