IGI Logo

COMMODITY TECHNICAL OUTLOOK

* MCX Gold is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.58000 - 57800 levels whereas resistance is at Rs.58600 - 58800 levels.

* MCX Silver is likely to trade with positive bias during today’s trading session. Support is at Rs.69800 - 69400 levels whereas resistance is at Rs.70700 - 71100 levels.

* MCX Crude Oil is likely to trade with negative bias during today’s trading session. Support is at Rs.5650 - 5550 levels whereas resistance is at Rs. 5850 - 5950 levels.

* MCX Copper is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.712 - 708 levels whereas resistance is at Rs.720 - 724 levels. 

CHART OF THE DAY

MCX-COPPER (DAILY CHART)

Strategy: Intraday

* SILVER 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 69800 - 69400 level and resistance at 70700- 71100. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 70700 - 71100 levels on higher 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