IGI Logo

COMMODITY TECHNICAL OUTLOOK

* MCX Gold is likely to trade sideways to positive bias during today’s trading session. Support is at Rs.47300 levels whereas resistance is at Rs.47900- 48100 levels.

* MCX Silver is likely to trade with negative bias during today’s trading session. Support is at Rs.64000 levels whereas resistance is at Rs.65000- 65300 levels. Selling below 64000 is advised targeting Rs.63600 – 63300 levels.

* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.6160 levels whereas resistance is at Rs.6320 – 6360 levels. Buying above 6320 is advised targeting Rs.6360 – 6380 levels.

* MCX Copper is likely to trade sideways to positive bias during today’s trading session. Support is at Rs.738 levels whereas resistance is at Rs.754 – 758 levels.

CHART OF THE DAY

Strategy: Intraday

* SILVER prices traded with negative bias during last trading session

* It was closed below downward sloping trend line in intraday trading session.

* For Intraday session immediate support is at 64000 – 63600 level and resistance at 65000 – 65300. If price sustains below the immediate support level of 64000 level then it will provide further momentum towards 63600 – 63300 levels on the lower side.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer