IGI Logo

COMMODITY TECHNICAL OUTLOOK

* MCX Gold is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.49800 - 49600 levels whereas resistance is at Rs.50300 - 50500 levels.

* MCX Silver is likely to trade with negative bias during today’s trading session. Support is at Rs.52300 - 52000 levels whereas resistance is at Rs.53000 - 53300 levels.

* MCX Crude Oil is likely to trade with negative bias during today’s trading session. Support is at Rs.6840 - 6740 levels whereas resistance is at Rs. 7040 - 7140 levels.

* MCX Copper is likely to trade with negative bias during today’s trading session. Support is at Rs.628 - 622 levels whereas resistance is at Rs.640 - 646 levels

Strategy: Intraday

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

* For Intraday session immediate support is at 628 - 622 level and resistance at 640 - 646. Any pullback towards resistance level should be taken as selling opportunity targeting immediate support of 628 - 622 levels on lower side.

MCX- COPPER

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