Metals again performed well and Bullions to ready for fly...

DAILY MCX BULLETIN ON 12 OCT 2021

Bullions looks positive on the charts…

Gold - Gold is trading in a green zone but unable to sustain at upper levels. Now Gold has near support around 46800 and upside resistance around 47200. Break and sustain above 47200 will test 47400-47500 levels in upcoming sessions.

Silver - Silver too looks positive on charts and again closed on a bullish note in the last trading session. Now Silver has near support around 60900 and the next resistance around 62200 levels. Break and sustain above 62200 will see fresh upside move till 62500-62800+ levels for the day.

Metals are trading on a positive note…

Nickel - Nickel achieved our upside target in the last trading session. Now Nickel has near support around 1465 and upside resistance around 1505. Break and sustain above 1505 will again test 1520-1535 levels.

Copper - Copper too achieved our upside targets in the last trading session. Now Copper has near crucial support around 730 and upside resistance around 745. The fresh bull run will expect on close above 745 levels.

Lead - Lead looks slightly positive on the charts. Now Lead has near support around 182 and upside resistance around 185 levels. Above 185 will test 187+ levels in upcoming sessions.

Energy segment looks mixed for the day...

Natural Gas - Natural Gas crashed and achieved our downside targets in the last trading session. Now Natural Gas has near support around 400 and upside resistance around 422. Break and sustain below 400 will test 393-388 levels in upcoming sessions.

Crude Oil - Crude Oil again achieved our upside targets in the last trading session. Now Crude Oil has near support around 6000 and near resistance around 6200 levels.

Daily Top Pick

Sell Natural Gas on rise around 417. SL-425. Target-408-400. **T&C Apply...