CRUDE OIL prices traded with positive bias during the last trading session - Monarch Networth Capital
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COMMODITY TECHNICAL OUTLOOK
MCX Gold is likely to trade with positive bias during today’s trading session. Support is at Rs.51400 - 51000 levels whereas resistance is at Rs.52000- 52400 levels.
MCX Silver is likely to trade with positive bias during today’s trading session. Support is at Rs.67700 - 67100 levels whereas resistance is at Rs.68700 - 69300 levels.
MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.8430 - 8120 levels whereas resistance is at Rs. 8940 - 9140 levels
MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.816 - 806 levels whereas resistance is at Rs.831 - 841 levels.
CHART OF THE DAY
Strategy: Intraday
CRUDE OIL prices traded with positive bias during the last trading session and it was trading above upward slopping trend line
For Intraday session immediate support is at 8430 - 8120 level and resistance at 8940 - 9140. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 8940 - 9140 levels on higher side.
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