Bulls are Again on the Front-foot in Full MCX...

Daily MCX Bulletin

Gold

Internationally, global spot prices remain strong. Metals markets continue to show firm demand for precious metals, supported by macroeconomic conditions. Support around 1,30,000 break below this level will see down side move till 1,29,400-1,29,000 mark. Resistance around 1,30,800. break and sustain above this level will see upside move till 1,31,500-1,31,800 mark.

Silver

Expectation of interest-rate cuts by the Federal Reserve. Support around 1,80,500 and break below 1,79,600-1,79,000 level will see mark. Resistance around 1,83,200 break and sustain above this level will see upside move till 1,84,100-1,84,500 mark.

Copper

Copper continues to benefit from high demand across sectors. Resistance around 1058, break above this level will see upside move till 1065, mark. On the Other side, support around 1048, break below this level will see a downside move till 1042-1038 mark.

Crude Oil

Global oil supply remains significant. Support around 5260 break below this level will test 5160-5120 mark. On the other side, resistance around 5350 break and sustain above this level will see upside move till 5400-5450, mark.

Natural Gas

Natural gas price increase reflects growing demand in energy, industrial use, and possibly a tightening supply/demand balance. Support around 438, break below will see more downside move around the 430-426 mark. On the other side, resistance around 450, break and sustain above this level will expect a fresh upside move till 456-460 mark.

Top Pick

Buy Silver around 182000. Target - 183800-185000 Stop Loss -182500.