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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.57800 - 57600 levels whereas resistance is at Rs.58300 - 58500 levels.

* MCX Silver is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.67700 - 67200 levels whereas resistance is at Rs.68700 - 69200 levels.

* MCX Crude Oil is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.5640 - 5540 levels whereas resistance is at Rs. 5840 - 5940 levels.

* MCX Copper is likely to trade with negative bias during today’s trading session. Support is at Rs.702 - 698 levels whereas resistance is at Rs.710 - 714 levels.

CHART OF THE DAY

MCX-COPPER (DAILY CHART)

Strategy: Intraday

* COPPER prices traded with negative bias during the last trading session; and prices are trading below downward trend line.

* For Intraday session immediate support is at 702 -698 level and resistance at 710- 714. Any pullback towards resistance level should be taken as selling opportunity targeting immediate support of 702 - 698 levels on lower side.

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