Bullions Starts on a Flat Note while Energy Opens Strong...

Daily MCX Bulletin

Gold

Gold is trading near record highs. Investors are buying it as a hedge against inflation, weak growth, and geopolitical uncertainty. Support around 109000, break below this level will see profit booking till 108600- 108300 mark. Further upside move will be expected above 109600 level till 110000 mark.

Silver

Silver stays elevated given the dual impact of global trends + rupee weakness + local demand. Support around 128400 and resistance around 129200, break below 128400 level will see sharp profit booking till 126800 mark.

Copper

Demand for copper remains strong, especially because of its role in green energy, electric vehicles, data centers. Resistance around 920, break above this level will see upside move till 925-927 mark. On the Other side, support around 912, break below this level will see a downside move till 906-904, mark.

Crude Oil

Prices likely to remain in a volatile but somewhat stable range, depending on how geopolitical events evolve. Support around 5540, break below this level will test 5480-5450 mark. On the other side, resistance around 5620, break and sustain above this level will see upside move till 5700, mark.

Natural Gas

Natural Gas prices likely to remain in the range seen in recent weeks. Support around 256, break below will see more downside move around the 250-248 mark. On the other side, resistance around 265, break and sustain above this level will expect a fresh upside move till 270-275 mark.

Top Pick

Buy Crude Oil around 5570. Stop loss below 5480. Target-5650-5700.