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Bullions on 52 week high and Crude at lifetime high...


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DAILY MCX BULLETIN ON 09 MARCH 2022 Bullions rocks with 52 week highs... Gold - Gold skyrocket and closed above 52 week high in the last trading session. Now Gold has near support around 53500 and crucial resistance around 54800. Break below 53500 will test 53000-52800 levels in upcoming session. Be cautious at higher levels. Silver - Silver too rocks in the last trading session. Now Silver has near support around 71000 and upside near resistance around 72800 levels. Break and sustain above 72800 will test 73500-74000 levels in upcoming sessions. Some profit booking seen in Metals… Aluminium - Aluminium fall sharply from higher levels. Now Aluminium has near support around 275 and upside resistance around 290. Sell on rise around resistance will be a good selling zone. Copper - Copper too correct from higher levels on the daily chart. Now Copper has next support around 830 and upside near resistance around 855. Break and sustain above 855 will see positive move till 865-875 levels in upcoming sessions. If sustain below 830 then it will test 820-810 levels. Zinc - Zinc formed a weak candle in the last trading session. Now Zinc has next resistance around 325 and next support around 340 levels. Break and sustain below 325 will test 320 and more downside will expect on close below 320 till 310 levels in upcoming sessions. Crude Oil almost hit 10000... Natural Gas - Natural Gas is trading around support. Now Natural Gas has near support around 345 and upside resistance around 365. Break and sustain below 345 will test 335-330 levels in upcoming sessions. Crude Oil - Crude almost test 10000 level for the first time. Now Crude Oil has near support around 9400 and near resistance around 9800 levels. Break below 9400 will test 9200-9000 levels in upcoming sessions. Daily Top Pick Sell Gold below 53500. Stop loss above 54000. Target-53100-52800. *T&C Apply...

 
 
 

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