Bulls are on driving seat in full MCX...

WEEKLY MCX BULLETIN FROM 7 TO 11 MARCH 2022

Bullions still trading in a positive zone…

Gold Gold successfully achieved our upside target in the last trading session. Now Gold has near support around 51900 and upside resistance around 52800. Break above 52800 will test 53100-53400 levels in the upcoming session. Buy on dips around support will be a good opportunity.

Silver Silver too performed well and looks bullish on the charts. Now Silver has near support around 68000 and upside near resistance around 69500 levels. Break and sustain above 69500 will test 70200-70800 levels in upcoming sessions.

Metals are on Fire…

Nickel Nickel is trading in uncharted territory and closed on higher levels in the last trading sessions. Now Nickel has near support around 2160 and upside resistance around 2250. Break above 2250 will test 2280-2305 levels in upcoming sessions.

Copper Copper still trading on a bullish note on the daily chart. Now Copper has next support around 820 and the upside move will expect till 850 levels. More and more upside move will expect on close above 850 levels 858-865 levels in upcoming sessions.

Lead Lead stuck in a range and now looks good for the fresh breakout. Now Lead has major resistance around 191 and near support around 187 levels. Break and sustain above 191 will test 194-197 levels in upcoming sessions.

Energy Segment again looks strong for bulls...

Natural Gas Natural Gas has given a breakout and looks good for more upside move. Now Natural Gas has near support around 365 and upside resistance around 385. Break and sustain above 385 will test 392-400 levels in upcoming sessions.

Crude Oil Crude again on fire and still looks strong on the charts. Now Crude Oil has near support around 8300 and near resistance around 8700 levels. Break above 8700 will test 8850-8900 levels in upcoming sessions. Buy on dips will be a good entry for the traders.

Daily Top Pick

Buy Lead above 191. SL-188. Target-194-197. *T&C Apply...