MCX Crude Oil is likely to trade with negative bias during today`s trading session - Monarch Networth Capital
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
COMMODITY TECHNICAL OUTLOOK
* MCX Gold is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.49200 - 49000 levels whereas resistance is at Rs.49600 - 49800 levels.
* MCX Silver is likely to trade with negative bias during today’s trading session. Support is at Rs.55900 - 55500 levels whereas resistance is at Rs.56500 - 56900 levels.
* MCX Crude Oil is likely to trade with negative bias during today’s trading session. Support is at Rs.6320 - 6220 levels whereas resistance is at Rs. 6540 - 6640 levels.
* MCX Copper is likely to trade with negative bias during today’s trading session. Support is at Rs.630 - 625 levels whereas resistance is at Rs.642 - 647 levels.
Strategy: Intraday
* CRUDE OIL prices traded with negative bias during the last trading session; and prices are trading below downward slopping trend line.
* For Intraday session immediate support is at 6320 – 6220 level and resistance at 6540 - 6640. Any pullback towards resistance level should be taken as selling opportunity targeting immediate support of 6320 - 6220 levels on lower side.
MCX- CRUDE OIL (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
