Bullion Outlook:

MCX Gold witnessed some bearish pressure over the past two trading sessions; however, the overall trend remains sideways to bullish as long as prices sustain above the crucial support zone of 150,000, near the 200 DEMA. On the upside, a sustained breakout above 154,500 could revive buying momentum, with potential upside towards 157,100–160,400:
Bullion prices have remained sensitive to hawkish Federal Reserve signals, which have limited expectations of near-term monetary easing.

MCX Silver is showing a sideways-to-bullish trend and is currently trading near 240,500. Immediate support is placed at 235,700–230,200, while 245,100 remains a crucial resistance level. A sustained move above 245,100 could strengthen the bullish momentum, with the next resistance seen around 252,000.

MCX Crude Oil Outlook:

MCX Crude Oil continues to maintain a moderate bearish structure, despite trading with some volatility. Brent crude is currently around $98.81. Key support is placed at 8530–8,250, while resistance is seen at 8820–9000. The near-term outlook remains moderately Bearish. Crude prices have remained under pressure as progress in renewed US–Iran talks raised hopes of a diplomatic resolution, while the resumption of key Saudi pipeline operations has also eased supply concerns.


Kaveri More,
Commodity Technical Analyst
at Choice Broking