MCX Copper is likely to trade with sideways to negative bias during today`s trading session. Support is at Rs.740 - 736 levels - Monarch Networth Capital
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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.59200 - 59000 levels whereas resistance is at Rs.59600 - 59800 levels.
* MCX Silver is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.74500 - 74000 levels whereas resistance is at Rs.75400 - 75900 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.6600 - 6500 levels whereas resistance is at Rs. 6820 - 6920 levels.
* MCX Copper is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.740 - 736 levels whereas resistance is at Rs.750 - 754 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 6600 - 6500 level and resistance at 6820 - 6920. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 6820 - 6920 levels on higher side.
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