MCX Copper is likely to trade with negative bias during today`s trading session - Monarch Networth Capital
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COMMODITY TECHNICAL OUTLOOK
MCX Gold is likely to trade sideways to positive bias during today’s trading session. Support is at Rs.47000 levels whereas resistance is at Rs.47500- 47700 levels.
MCX Silver is likely to trade with negative bias during today’s trading session. Support is at Rs.63000 levels whereas resistance is at Rs.64000 levels. Selling below 63000 is advised targeting Rs.62500 – 62200 levels.
MCX Crude Oil is likely to trade sideways to positive bias during today’s trading session. Support is at Rs.5140 levels whereas resistance is at Rs.5230 – 5280 levels.
MCX Copper is likely to trade with negative bias during today’s trading session. Support is at Rs.718 levels whereas resistance is at Rs.728 - 733 levels. Selling below 718 is advised targeting Rs.713 – 710 levels.
Strategy: Intraday
NATURAL GAS prices traded with positive bias during the last trading session
It closed above the upward sloping trend line in intraday trading session
For Intraday session we expect NATURAL GAS prices to trade with a positive bias. If price sustains above the immediate resistance level of 395 level then it will provide further momentum towards 400 - 404 levels on the higher side
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