Speedy Highs in Bullions and Metals too Shines...

Daily MCX Bulletin

Gold

Gold continues to climb, hitting a new all-time high driven by ongoing geopolitical concerns, safe-haven demand, and rising expectations of U.S. rate cuts. Support around 105500. Break below this level will see profit booking till 105000 mark. Further upside move will expect above 106200 level till 106600+.

Silver

Silver rise is attributed to growing bets on a U.S. Federal Reserve rate reduction and industrial demand from clean energy and technology sectors. Support around 123800 and resistance around 125500 break below 123800 level will see more profit booking till 123200 mark .

Copper

Copper increase was largely driven by a weakening Indian rupee, which makes imports costlier and supports local price levels. Resistance around 906, break above this level will see upside move till 910 mark. On the Other side, support around 898, break below this level will see a downside move till 895-893 mark.

Crude Oil

Crude Oil remains relatively stable in the face of possible supply surpluses. Support around 5720, break below this level will test 5660 mark. On the other side, resistance around 5800, break and sustain above this level will see upside move till 5880 mark.

Natural Gas

Natural gas production remains robust, combined with abundant inventories. Support around 258, break below will see more downside move around the 253-248 mark. On the other side, resistance around 265, break and sustain above this level will expect a fresh upside move till 270-272 mark.

Top Pick

Buy Copper on dip around 901. Stop loss below 896. Target 907-910.

Today's Important Data:

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