CRUDE OIL prices traded with positive bias during the last trading session and it was trading above upward slopping trend line - 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 positive bias during today’s trading session. Support is at Rs.51400 - 51100 levels whereas resistance is at Rs.52100- 52400 levels.
MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.67000 - 66500 levels whereas resistance is at Rs.69000 - 69500 levels.
MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.7800 - 7700 levels whereas resistance is at Rs. 8000 - 8100 levels.
MCX Copper is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.776 - 770 levels whereas resistance is at Rs.795 - 804 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 7800 - 7700 level and resistance at 8000 - 8100. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 8000 - 8100 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
