Profit Booking Noticed in Bullions and Crude Hold Support...

Daily Mcx Bulletin

The Indian MCX market remained volatile but resilient, driven by a mix of global macro triggers, technical positioning, and domestic monetary expectations. A softer U.S. jobs report and heightened global tariff tensions pushed investors toward safe-haven assets like gold and silver, while crude oil and base metals traded with a cautious tone due to supply concerns and a possible global growth slowdown.

Gold overview

Gold remains near two‑week highs, supported by U.S. job data, Fed rate‑cut expectations, and macro risk. Upside resistance around 101300 a break above this will see further upside till 101700-102000.

Support around 100500 break below this level will test 100000 level.

Silver Overview:

Silver is gaining attention in India Investor due to its industrial demand and inflation‑hedging role. Support around 112400 break below 112400 will trigger further downside till 11500. However Resistance around 113500 break above 113500 will see upward movement till 115000.

Copper overview

Copper remains range‑bound amid tariff concerns and tight global supply. Copper slips yesterday from a key resistance around 890 upside move will expect on close above 890. On the other side Key support at lies at 878, break below 878 level will test 872.

Crude Oil Overview:

Crude Oil looks weak as slowing demand could push prices lower later. Key support around 5700 breach this level could leads to more downside. On the other side Resistance 5840, break above 5840 will test 5900+ levels.

Natural Gas Overview:

Natural gas trading around 260 recently reclaiming that key support level 256 after a small pullback, break this level to trigger further downside 250-248 level. On the otherside key resistance around 265, break and sustain above 265 will test 270-275 levels.

Top Pick-

Buy Crude Oil around 5800. Stop loss below 5700. Target-5920-5980.