MCX Crude Oil is likely to trade with negative 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.51300 - 51100 levels whereas resistance is at Rs.51700- 51900 levels. .
MCX Silver is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.65900 - 65500 levels whereas resistance is at Rs.66700 - 67200 levels.
MCX Crude Oil is likely to trade with negative bias during today’s trading session. Support is at Rs.7160 - 6950 levels whereas resistance is at Rs. 7730 - 7930 levels.
MCX Copper is likely to trade with negative bias during today’s trading session. Support is at Rs.813 - 810 levels whereas resistance is at Rs.822 - 826 levels.
CHART OF THE DAY
Strategy: Intraday
COPPER prices traded with negative bias during the last trading session and it was trading below downward slopping trend line
For Intraday session immediate support is at 813 - 810 level and resistance at 822 - 826. Any pullback towards resistance level should be taken as selling opportunity targeting immediate support of 813 - 810 levels on lower side.
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