Bullions Shines Again, Crude Still Under Pressure...

Daily MCX Bulletin

Gold

Gold bounced from lower levels and our subscribers booked solid gains in the first half. Now Gold has resistance around 100500, break and sustain above this level will expect upside move till 100800-101000. On the other side support around 99800, break below this level will see fresh selling till 99500-99200 mark.

Silver

Silver sentiment remains buoyed by easing U.S.–China trade tensions, supporting every dips as buying opportunities. Resistance around 115500, break and sustain above this level will see upside move till 1162000-116600 mark. Support around 113800, break below this level will test 113000 mark.

Copper

Copper break its key resistance as reflects global stable demand and manageable supply expectations. Support around 888, break below this level will test 882 mark. On the Other side resistance around 897, break above this level will see upside move till 902-905 mark.

Crude Oil

Crude Oil is taking a pause and constrained by a cautious stance ahead of U.S. inventory data. Support around 5440, break below this level will see more further downside till 5400 mark. On the other side resistance around 5600, break and sustain this level will expect upside move till 5660-5680 mark.

Natural Gas

Natural Gas suggests continuation of negative momentum and pushing futures toward a nine-month low. Support around 238, break below will see more downside move around 232-230 mark. On the other side resistance around 252, break and sustain this level will expect move toward till 260 mark.

Top Pick

Buy Copper around 892. Stop loss below 887. Target-898-902.