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COMMODITY TECHNICAL OUTLOOK

positive bias during today’s trading session. Support is at Rs.50100 - 49900 levels whereas resistance is at Rs.50500 - 50700 level

MCX Silver is likely to trade with positive bias during today’s trading session. Support is at Rs.57300 - 57000 levels whereas resistance is at Rs.58000 - 58300 levels.

MCX Crude Oil is likely to trade with negative bias during today’s trading session. Support is at Rs.7000 - 6920 levels whereas resistance is at Rs. 7200 - 7280 levels.

MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.643 - 638 levels whereas resistance is at Rs.652 - 657 levels.

MCX- SILVER (DAILY CHART)

SILVER 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 57300 – 57000 level and resistance at 58000 - 58300. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 58000 – 58300 levels on higher side.

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