IGI Logo

COMMODITY TECHNICAL OUTLOOK

* MCX Gold is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.58600 - 58400 levels whereas resistance is at Rs.59100 - 59300 levels.

* MCX Silver is likely to trade with negative bias during today’s trading session. Support is at Rs.69500 - 69000 levels whereas resistance is at Rs.70400 - 70900 levels.

* MCX Crude Oil is likely to trade with negative 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 negative bias during today’s trading session. Support is at Rs.724 - 720 levels whereas resistance is at Rs.732 - 736 levels.

CHART OF THE DAY

MCX-CRUDE OIL (DAILY CHART)

Strategy: Intraday

* SILVER prices traded with negative bias during the last trading session; and prices are trading below upward trend line.

* For Intraday session immediate support is at 69500 - 69000 level and resistance at 70400 - 70900. Any pullback towards resistance level should be taken as selling opportunity targeting immediate support of 69500 - 69000 levels on lower side.

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