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COMMODITY TECHNICAL OUTLOOK

* MCX Gold is likely to trade with positive bias during today’s trading session. Support is at Rs.60300 - 60000 levels whereas resistance is at Rs.60700 - 61000 levels.

* MCX Silver is likely to trade with positive bias during today’s trading session. Support is at Rs.75000 - 74500 levels whereas resistance is at Rs.76000 - 76500 levels. ? MCX Crude Oil is likely to trade with negative bias during today’s trading session. Support is at Rs.6250 - 6150 levels whereas resistance is at Rs. 6490 - 6590 levels.

* MCX Copper is likely to trade with negative bias during today’s trading session. Support is at Rs.760 - 756 levels whereas resistance is at Rs.772 - 778 levels.

Strategy: Intraday

*GOLD 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 60300 - 60000 level and resistance at 60700 - 61000. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 60700 - 61000 levels on higher side.

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