MCX Gold is likely to trade with sideways to negative bias during today 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 with sideways to negative bias during today’s trading session. Support is at Rs.52100 - 51900 levels whereas resistance is at Rs.52500 - 52700 levels.
* MCX Silver is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.57900 - 57500 levels whereas resistance is at Rs.58800 - 59400 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.7400 - 7280 levels whereas resistance is at Rs. 7680 - 7800 levels.
* MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.674 - 668 levels whereas resistance is at Rs.688 - 694 levels.
Strategy: Intraday
* COPPER prices traded with positive bias during the last trading session; and prices are trading above upward slopping trend line.
* For Intraday session immediate support is at 674 - 668 level and resistance at 688 - 694. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 688 - 694 levels on higher side.
MCX- COPPER (DAILY CHART)
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
