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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.58900 - 58700 levels whereas resistance is at Rs.59400 - 59600 levels.

* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.74300 - 73700 levels whereas resistance is at Rs.75300 - 75800 levels.

* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.6430 - 6330 levels whereas resistance is at Rs. 6650 - 6750 levels.

* MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.736 - 732 levels whereas resistance is at Rs.745 - 749 levels.

CHART OF THE DAY 

MCX-GOLD (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 6430 -6330 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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