Metals and Energy Segment looks Positive...

DAILY MCX BULLETIN FOR 12 SEPTEMBER 2023

Bullions trying to hold major support zone…

Gold - Gold formed a doji candle in the last trading session. Now Gold has near crucial support around 58800 and upside resistance around 59200. Break and close above 59200 will take it towards 59400-59500 and fresh upside move will expect above 59500 levels.

Silver- Silver has given a positive move but unable to breach it's resistance in the last trading session. Now Silver has next support around 71500 and upside resistance around 72200 levels. Break and sustain above 72200 will expect an upside move till 72500-72800 levels.

Bulls are taking command in metals …

Zinc- Zinc performed well and achieved our upside targets in the last trading session. Hope you all enjoy profit with our free top pick.

Now Zinc has near support around 219 and upside resistance around 224. Break above 224 will test 226+ levels. Buy on dips around support will be a good entry for the traders.

Copper - Copper bounced sharply and achieved our upside targets in the last trading session. Now Copper has next support around 725 and upside resistance around 735 levels. Break and sustain above 735 will see an upside move till 739-744 levels in days to come.

Energy Segment still looks positive…

Natural Gas - Natural Gas bounced and closed on a positive note in the last trading session. Now Natural Gas has near support around 212 and upside resistance around 220. Break above 220 will test 224-228 levels.

Crude Oil - Crude Oil again closed with a positive bias in the last trading session. Now Crude Oil has near support around 7180 and near resistance around 7260 levels. Break above 7260 will test 7300 and then to 7360 levels.

Daily Top Pick (12/09/2023)

Buy Silver above 72200 with a Stop loss below 71800. Target- 72500-72750.

*T&C Apply…