IGI Logo

COMMODITY TECHNICAL OUTLOOK

* MCX Gold is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.52000 - 51800 levels whereas resistance is at Rs.52400 - 52600 levels.

* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.58500 - 58200 levels whereas resistance is at Rs.58900 - 59200 levels.

* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.7200 - 7120 levels whereas resistance is at Rs. 7410 - 7530 levels.

* MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.664 - 658 levels whereas resistance is at Rs.676 - 682 levels.

Strategy: Intraday

* COPPER prices traded with positive bias during the last trading session; and prices are trading above upward slopping trend line.

* For Intraday session immediate support is at 664 - 658 level and resistance at 676 - 682. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 676 - 682 levels on higher side.

CHART OF THE DAY

MCX- COPPER (DAILY CHART)

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer