Bullions Trading Around Crucial Levels...

Daily MCX Bulletin

Gold

Gold reached continues at record high and high. Support around 1,19,900 break below this level will see sharp profit booking till 1,19,400-1,19,000 mark. Further upside move will be expected above 1,20,500 level.

Silver

Silver is very close to touched 1,50,000 mark. Support around 1,46,500 break below this level will see down side move till 1,45,500-1,45,000 mark. Further upside move will be expected above 1,48,000 level.

Copper

Copper continue its bullish momentum. Resistance around 998, break above this level will see upside move till 1003-1005 mark. On the Other side, support around 990, break below this level will see a downside move till 987-984 mark.

Crude Oil

Over recent sessions, oil has seen gains after OPEC+ announced modest production increases. Support around 5440, break below this level will test 5380-5440 mark. On the other side, resistance around 5520, break and sustain above this level will see upside move till 5590-5630 mark.

Natural Gas

Natural gas trading in a range. Support around 297, break below will see more downside move around the 292-290 mark. On the other side, resistance around 303, break and sustain above this level will expect a fresh upside move till 308-310 mark.

Top Pick

Buy Crude Oil around 5470. Stop loss below 5400. Target-5570-5620.