MCX Crude Oil is likely to trade with positive bias during today`s trading session. Support is at Rs.6750 - 6650 levels -Monarch Networth Capital
COMMODITY TECHNICAL OUTLOOK
* MCX Gold is likely to trade with positive bias during today’s trading session. Support is at Rs.59300 - 59100 levels whereas resistance is at Rs.59700 - 59900 levels.
* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.72100 - 71600 levels whereas resistance is at Rs.73000 - 73500 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.6750 - 6650 levels whereas resistance is at Rs. 6950 - 7050 levels.
* MCX Copper is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.735 - 730 levels whereas resistance is at Rs.745 - 750 levels.
CHART OF THE DAY
MCX-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 6750 - 6650 level and resistance at 6950 - 7050. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 6950 - 7050 levels on higher side.
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