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MCX Silver is likely to trade with positive bias during today`s trading session. Support is at Rs.67600 67200 levels - Monarch Networth Capital
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COMMODITY TECHNICAL OUTLOOK
* MCX Gold is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.58000 - 57700 levels whereas resistance is at Rs.58600 - 58900 levels.
* MCX Silver is likely to trade with positive bias during today’s trading session. Support is at Rs.67600 - 67200 levels whereas resistance is at Rs.68700 - 69200 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.5590 - 5490 levels whereas resistance is at Rs. 5780 - 5880 levels.
* MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.709 - 705 levels whereas resistance is at Rs.718 - 722 levels.
CHART OF THE DAY
MCX-CRUDE OIL (DAILY CHART
Strategy: Intraday
* CRUDE OIL prices traded with negative bias during the last trading session; but prices are trading above upward trend line.
* For Intraday session immediate support is at 5590 -5490 level and resistance at 5780- 5880. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 5780 - 5880 levels on higher side.
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