MCX Copper is likely to trade with positive 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.46900 levels whereas resistance is at Rs.47200- 47400 levels.
MCX Silver is likely to trade sideways to negative bias during today’s trading session. Support is at Rs.61400 levels whereas resistance is at Rs.62200- 62500 levels. Selling below 61400 is advised targeting Rs.60900 – 60600 levels.
MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.6040 levels whereas resistance is at Rs.6180 – 6240 levels. Buying above 6180 is advised targeting Rs.6240 – 6280 levels.
MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.732 levels whereas resistance is at Rs.747 – 755 levels. Buying above 743 is advised targeting Rs.747 – 755 levels.
CHART OF THE DAY
MCX- CRUDE OIL (DAILY CHART)
Strategy: Intraday
CRUDE OIL prices traded with positive bias during last trading session
It was closed above upward sloping trend line in intraday trading session.
For Intraday session immediate support is at 6040 – 5980 level and resistance at 6180 – 6240. If price sustains above the immediate resistance level of 6180 level then it will provide further momentum towards 6240 - 6280 levels on the higher side.
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