Bullions Still Heading Towards North...

Daily MCX Bulletin

Gold

Gold is trading around an all-time high and may we a profit booking today. Support around 106300. Break below this level will see profit booking till 105400-105200 mark. Further upside move will be expected above 107200 level till 108000 mark.

Silver

Silver remains Stable at 125000, Support around 124300 and resistance around 125100 break below 124300 level will see sharp profit booking till 123500 mark .

Copper

Copper is trading in the range 898 -908, Resistance around 908, break above this level will see upside move till 914 mark. On the Other side, support around 902, break below this level will see a downside move till 898- 895 mark.

Crude Oil

Crude oil decline is driven by increase in crude inventories, Support around 5550, break below this level will test 5480 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 is trading in a moderate range, Support around 268, break below will see more downside move around the 260-2602mark. On the other side, resistance around 276, break and sustain above this level will expect a fresh upside move till 282-285 mark.

Top Pick

Sell Gold below 106600. Stop loss above 106900.

Target around 106300-106200.