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COMMODITY TECHNICAL OUTLOOK

* MCX Gold is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.60600 - 60300 levels whereas resistance is at Rs.61200 - 61500 levels.

* MCX Silver is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.76400 - 76000 levels whereas resistance is at Rs.77600 - 78000 levels.

* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.5900 - 5800 levels whereas resistance is at Rs. 6100 - 6200 levels.

* MCX Copper is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.747 - 742 levels whereas resistance is at Rs.757 - 762 levels.

CHART OF THE DAY

MCX-COPPER (DAILY CHART)

Strategy: Intraday

* CRUDE OIL prices traded with positive bias during the last trading session; and prices are trading above upward trend line.

* For Intraday session immediate support is at 5900 - 5800 level and resistance at 6100 - 6200. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 6100 - 6200 levels on higher side.

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