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MCX Silver is likely to trade with sideways to positive bias during today’s trading session - 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.49900 - 49700 levels whereas resistance is at Rs.50200- 50400 levels
MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.63300 - 63000 levels whereas resistance is at Rs.63800 - 64200 levels.
MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.6750 - 6680 levels whereas resistance is at Rs. 7000 - 7060 levels.
MCX Copper is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.755 - 760 levels whereas resistance is at Rs.762 - 769 levels.
CHART OF THE DAY
Strategy: Intraday
NATURAL GAS 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 345 - 340 level and resistance at 363 - 370. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 363 - 370 levels on higher side.
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