Bullions looks flat and Energy is ready to fire again...

DAILY EQUITY BULLETIN FOR 06 JUNE 2022

Bullions are closed on a weak note…

Gold - Gold has given a sharp downside move in the last trading session. Now Gold has near support around 50700 and upside resistance around 51250. Break and sustain above 51250 will test 50500-50600 levels. A fresh downside move will expect on a break below 50700 levels till 50500-50400 levels.

Silver - Silver has given a negative close on the daily chart in the last trading session. Now Silver has major support around 61300 and upside resistance around 62500 levels. An hourly close above 62500 will see a fresh upside move till 63000-63500 levels. Major fall will expect on close below 61300 levels till 61000-60500 levels.

Metals are facing hurdles at higher levels…

Zinc - Zinc is trading around major resistance levels. Now Zinc has near support around 332 and upside resistance around 340. Break and sustain above 340 will test 343-346 levels. An hourly close below 332 will test 328-325 levels in upcoming sessions.

Copper - Copper has given a weak candle in the last trading session. Now Copper has next support around 794 and upside resistance around 815 levels. Break and sustain above 815 will test 722-725 levels. If close below 794 will test 788-785 levels.

Aluminium - Aluminium is facing a strong hurdle and closed on a weak note in the last trading session. Now Aluminium has near support around 230 and near resistance around 235 levels. Break and sustain above 235 will test 238-240 levels in upcoming sessions. Major weakness will expect on close below 330 levels.

Energy Segment looks bullish on the charts...

Natural Gas - Natural Gas closed on a positive note in the last trading session. Now Natural Gas has near support around 650 and upside resistance around 680. The fresh positive move will expect on close above 680 levels till 695+ levels. A daily close below 650 will see sharp fall till 640-630 levels.

Crude Oil - Crude is trading in a green zone and ready for the fresh breakout. Now Crude Oil has near support around 8200 and near resistance around 9350 levels. An hourly close above 9350 will take it towards 9420-9500 levels in upcoming sessions. On the other side, if sustain below 9200 then it will test downside targets of 9100-9050 levels in upcoming sessions.

Daily Top Pick

Buy NG above 680. SL-668. Target-692-700.

*T&C Apply...