MCX Silver is likely to trade with sideways to positive bias during today`s trading session - Monarch Networth Capital Limited
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/03/56660be4eeb628784f3399ec68ee3080.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
COMMODITY TECHNICAL OUTLOOK
*MCX Gold is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.58300 - 58000 levels whereas resistance is at Rs.58700 - 59000 levels.
* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.68000 - 67600 levels whereas resistance is at Rs.68800 - 69200 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.5650 - 5550 levels whereas resistance is at Rs. 5850 - 5950 levels.
* MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.758 - 753 levels whereas resistance is at Rs.768 - 773 levels.
CHART OF THE DAY
MCX-CRUDE OIL (DAILY CHART)
Strategy: Intraday
* CRUDE OIL prices traded with positive bias during the last trading session; and prices are trading above horizontal trend line.
* For Intraday session immediate support is at 5650 - 5550 level and resistance at 5850 - 5950. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 5850 - 5950 levels on higher 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
![](https://portfolio.investmentguruindia.com/uploads/news/Shripal Shah, MD & CEO, Kotak Securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gold_29.12.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Import export.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Crane_Sanghavi.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Cement 8.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Prateek Agrawal, MD and CEO, Motilal Oswal AMC.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/rupee dollar.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/fintech57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/FMCG4.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Finance_Sinduja.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/aecd4f4a5e886b873aa68500d027acd0.jpg)
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/550f0f88756bf84c00b4790e4331b456.jpg)
Dhaniya trading range for the day is 7392-7648 - Kedia Advisory
![Buy Silver JUL 2021 @ 71300 SL 70600 TGT 72200-72800.MCX - Kedia Advisory](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/05/33c19c5356be32acf1d28e60857d104f.jpg)
![Crude oil rose toward a five-month high after OPEC+ confirmed it would maintain its existing supply cuts through the end of June - HDFC Securities](https://portfolio.investmentguruindia.com/uploads/news/HDFC Securities.jpg)
![MCX Gold Feb futures technical chart has taken the formation of Rising channel pattern in daily time frame - Enrich Financial](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/01/73649bd768cd3d46db5822228d2c59c2.jpg)