Sharp Profit Booking From Higher Levels, Be Cautious in Fresh Trades...

Daily MCX Bulletin

Gold

Gold reached at record high of 1,16,900+. Support around 1,15,800 break below this level will see profit booking till 1,15,500-1,15,000 mark. Further upside move will be expected above 1,16,800 for the upside move till 1,17,400 -1,17,700 level.

Silver

Silver has also reached lifetime highs. Support around 1,40,500 break below this level will see down side move till 1,40,000-1,39,400 mark. Further upside move will be expected above 1,44,000 level.

Copper

The global transition toward renewables, electric vehicles, energy transmission, data centres, AI infrastructure continues to push copper demand higher. Resistance around 960, break above this level will see upside move till 965-966 mark. On the Other side, support around 950, break below this level will see a downside move till 944-940, mark.

Crude Oil

Crude oil prices have seen downward pressure, amid renewed supply concerns. Support around 5540, break below this level will test 5470-5440 mark. On the other side, resistance around 5660, break and sustain above this level will see upside move till 5620-5650, mark.

Natural Gas

Natural gas trading in a stable range. Support around 284, break below will see more downside move around the 278--275 mark. On the other side, resistance around 292, break and sustain above this level will expect a fresh upside move till 300, mark.

Top Pick

Sell Copper around 956. Stop loss above 960. Target-950-946.