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MCX Copper is likely to trade with negative bias during today`s trading session. Support is at Rs.731 - 727 levels - Monarch Networth Capital
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COMMODITY TECHNICAL OUTLOOK
* MCX Gold is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.58700 - 58500 levels whereas resistance is at Rs.59300 - 59500 levels.
* MCX Silver is likely to trade with negative bias during today’s trading session. Support is at Rs.73300 - 72800 levels whereas resistance is at Rs.74200 - 74700 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.6450 - 6350 levels whereas resistance is at Rs. 6650 - 6750 levels.
* MCX Copper is likely to trade with negative bias during today’s trading session. Support is at Rs.731 - 727 levels whereas resistance is at Rs.740 - 744 levels
CHART OF THE DAY
MCX-COPPER (DAILY CHART)
Strategy: Intraday
* CRUDE OIL prices traded with positive bias during the last trading session; and prices are trading above upward trend line.
* For Intraday session immediate support is at 6450 - 6350 level and resistance at 6650 - 6750. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 6650 - 6750 levels on higher side.
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