MCX Copper looks strong if Rs.727 level is breached - Monarch Networth Capital
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/07/6d9cf86a41ee4fc96370b7bd1d180b2e.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
COMMODITY TECHNICAL OUTLOOK
* MCX Gold is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.47000 levels whereas resistance is at Rs.48300- 48500 levels. Buying is advised above Rs.47600 levels for the target prices of Rs.48300 – 48500 levels
* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.65800 levels whereas resistance is at Rs.68000 – 68800 levels. Buying is advised above Rs.67200 levels for the target prices of Rs.68000 – 68800 levels
* MCX Crude Oil is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.5180 levels whereas resistance is at Rs.5330 – 5400 levels. Buying above 5270 is advised targeting Rs.5330-5400 levels
* MCX Copper looks strong if Rs.727 level is breached. Buying above Rs.727 is advised targeting Rs.735– 742 levels.
CHART OF THE DAY
MCX- CRUDE OIL (DAILY CHART)
Strategy: Intraday
* CRUDE OIL prices extended with upside during the last trading session
* It is having a good support of upward sloping trend line and settled above the same
* For Intraday session we expect CRUDE OIL prices to extend upside if price sustains above 5266 levels whereas 5180 and 5120 will act as an immediate support level
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
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v89_Wex0B3E.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/religare broking.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/HDFC Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Zomato07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Piyush Goyal07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v38_zDiylqc.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Prashant Thakur ANAROCK Group.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul03v152_BhgJWbe.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/aecd4f4a5e886b873aa68500d027acd0.jpg)
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/09/081ab1df75ad7fa2880420f3853b0122.jpg)
Buy Crudeoil Sep 2021 @ 5150 SL 5080 TGT 5220-5280.MCX - Kedia Advisory
![Copper, Natural Gas, Silver and Zinc Commodity Report Of 21/10/2021 - Enrich Financial Solution](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/10/6c5ce703ebe3c5399bf11fd812ae234d.jpg)
![Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 22 December 2021 By Geojit Financial](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/12/cd2f3f0e348d8f5ba554be0ceb00e340.jpg)
![Sell Crude Oil Aug 2023 @ 6250 SL 6350 TGT 6150-6050. MCX - Kedia Advisory](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/49a0819c5858eebd15c09a11954dbd4d.jpg)