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.58800 - 58600 levels whereas resistance is at Rs.59200 - 59400 levels.

* MCX Silver is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.69500 - 69000 levels whereas resistance is at Rs.70400 - 70900 levels.

* MCX Crude Oil is likely to trade with negative bias during today’s trading session. Support is at Rs.6780 - 6680 levels whereas resistance is at Rs. 7000 - 7100 levels.

* MCX Copper is likely to trade with negative bias during today’s trading session. Support is at Rs.723 - 719 levels whereas resistance is at Rs.731 - 735 levels.

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday

* CRUDE OIL 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 6780 -6680 level and resistance at 7000 - 7100. Any pullback towards resistance level should be taken as selling opportunity targeting immediate support of 6780 - 6680 levels on lower 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