MCX Crude Oil is likely to trade with positive bias during today’s trading session - Monarch Networth Capital
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
COMMODITY TECHNICAL OUTLOOK
* MCX Gold is likely to trade sideways to positive bias during today’s trading session. Support is at Rs.47600 levels whereas resistance is at Rs.48100- 48300 levels.
* MCX Silver is likely to trade sideways to positive bias during today’s trading session. Support is at Rs.64300 levels whereas resistance is at Rs.65100- 65400 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.6230 levels whereas resistance is at Rs.6340 – 6390 levels. Buying above 6340 is advised targeting Rs.6390 – 6430 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
* CRUDE OIL prices traded with positive bias during last trading session
* It was closed above upward sloping trend line in intraday trading session.
* For Intraday session immediate support is at 6230 – 6160 level and resistance at 6340 – 6390. If price sustains below the immediate resistance level of 6340 level then it will provide further momentum towards 6390 – 6430 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
