Metals and Energy looks solid on the charts...

DAILY MCX BULLETIN ON 22 DEC 2021

Bullions looks mixed on the charts…

Gold - Gold closed on a slightly dull note in the last trading sessions. Now Gold has next major support around 47800 and an upside resistance zone around 48300. Break above 48300 will test 48500+ levels in upcoming sessions. Any weakness will expect on close below 47800 till 47500 levels. Buy-on dips around support will be a good entry for the traders.

Silver - Silver looks good and closed on a positive note in the last trading session. Now Silver has near and major support around 61000 and upside resistance around 62500 levels. Break and sustain above 62500 will test 63000-63400 levels for the day.

Metals are trading in a green zone…

Nickel - Nickel looks good and closed on higher levels in the last trading session. Now Nickel has next support around 1530 and upside resistance around 1550. Break and sustain above 1550 will test 1560-1565 levels in upcoming sessions. Major weakness will expect on a daily close below 1530 levels.

Copper - Copper looks solid and closed above its resistance. Now Copper has next support around 740 and the upside target looks 752-755 levels in upcoming sessions. Buy-on dips around support will be a good entry for the intraday traders.

Zinc - Zinc closed on a bullish note in the last trading session. Now Zinc has next resistance around 287 and next support around 280 levels. Break and sustain above 287 will test 290 levels again. Any sharp dip will be a good buying opportunity.

Energy segment again enjoys bull run...

Natural Gas - Natural Gas is trading around its major resistance zone. Now Natural Gas has major support around 285 and upside resistance around 300. Break and sustain above 300 will test 306-310 levels in upcoming sessions.

Crude Oil - Crude Oil has given a strong bull move in the last trading session. Now Crude Oil has near support around 5200 and near resistance around 5450 levels. Any sharp dip will be a good entry for the traders.

Daily Top Pick

Buy Copper around 744. SL-738. Tgt-750-754. *T&C Apply...