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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 with sideways to positive bias during today’s trading session. Support is at Rs.59000 - 58700 levels whereas resistance is at Rs.59500 - 59800 levels.
* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.75000 - 74400 levels whereas resistance is at Rs.76000 - 76600 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.6150 - 6050 levels whereas resistance is at Rs. 6350 - 6450 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.744 - 748 levels.
CHART OF THE DAYMCX-COPPER
(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 6150 -6050 level and resistance at 6350- 6450. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 6350 - 6450 levels on higher side.
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