MCX Copper is likely to trade with positive bias - Monarch Networth Capital
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COMMODITY TECHNICAL OUTLOOK
* MCX Gold is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.50300 - 50100 levels whereas resistance is at Rs.50700 - 50900 levels.
* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.54000 - 53700 levels whereas resistance is at Rs.54800 - 55100 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.7570 - 7450 levels whereas resistance is at Rs. 7830 - 7960 levels.
* MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.629 - 623 levels whereas resistance is at Rs.639 - 644 levels.
Strategy: Intraday
* COPPER prices traded with mild positive bias during the last trading session; and prices are trading above upward slopping trend line.
* For Intraday session immediate support is at 629 - 623 level and resistance at 639 - 644. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 639 - 644 levels on higher side.
GBPINR (DAILY CHART)
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