Full MCX on fire and still looks solid for more run...

DAILY MCX BULLETIN ON 02 MARCH 2022

Bullions looks solid on charts…

Gold - Gold is trading in a green zone and closed on a positive note in the last trading session. Now Gold has near support around 51300 and upside resistance around 52100. Break above 52100 will test 52250-52500 levels in the upcoming session. A negative move will expect on a break below 49800 levels. Buy-on dips around support will be a good entry for the traders.

Silver - Silver looks bullish and closed on a positive note in the last trading session. Now Silver has near support around 67700 and upside near resistance around 69000 levels. Break and sustain above 69000 will test 69500-69800 levels in upcoming sessions. Any sharp dip will be a buying opportunity for the traders.

Metals continuously shining…

Nickel - Nickel looks good and closed on a positive note in the last trading sessions. Now Nickel has near support around 1900 and upside resistance around 1940. Break above 1940 will test 1955-1970 levels in upcoming sessions.

Copper - Copper is ready for the major breakout on the daily chart. Now Copper has next support around 780 and upside near resistance around 792. Break and sustain above 792 will see a fresh positive move till 798-805 levels in upcoming sessions. If close below 780 then it will test 770 level again.

Zinc - Zinc closed on a bullish note with a major breakout. Now Zinc has the next resistance around 315 and the next major support around 308 levels. Buy on dips will be the best opportunity for the traders. Sustain above 315 will test 319-322 levels in upcoming sessions.

Bullish momentum continues in Energy Segment...

Natural Gas - Natural Gas is trading around support and ready to take a turn. Now Natural Gas has near support around 330 and upside resistance around 355. Break and sustain above 355 will test 363-370 levels in upcoming sessions.

Crude Oil - Crude skyrocketed and still looks solid on the charts. Now Crude Oil has near support around 7700 and near resistance around 8100 levels. Break above 8100 will test 8230-8300 levels in upcoming sessions. Buy on dips will be a good entry for the traders.

Daily Top Pick

Buy Nickel above 1940. SL-1925. Target-1955-1965. *T&C Apply...