MCX Silver is likely to trade with positive bias during today’s trading session - Monarch Networth Capital
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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.52000 - 51700 levels whereas resistance is at Rs.52800- 53100 levels.
MCX Silver is likely to trade with positive bias during today’s trading session. Support is at Rs.68300 - 67700 levels whereas resistance is at Rs.69700 - 70300 levels
MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.8270 - 8130 levels whereas resistance is at Rs. 8790 - 8940 levels.
MCX Copper is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.825 - 815 levels whereas resistance is at Rs.849 - 860 levels
CHART OF THE DAY
Strategy: Intraday
GOLD prices traded with positive bias during the last trading session and it was trading above upward slopping trend line.
For Intraday session immediate support is at 52000 - 51700 level and resistance at 52800 - 53100. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 52800 - 53100 levels on higher side.
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