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07-06-2023 08:47 AM | Source: Monarch Networth Capital Ltd
MCX Silver is likely to trade with sideways to positive bias during today`s trading session -Monarch Networth Capital
News By Tags | #473 #4482

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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.58200 - 58000 levels whereas resistance is at Rs.58700 - 58900 levels.

* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.70900 - 70500 levels whereas resistance is at Rs.71900 - 72300 levels.

* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.5850 - 5750 levels whereas resistance is at Rs. 6050 - 6150 levels.

* MCX Copper is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.713 - 709 levels whereas resistance is at Rs.721 - 725 levels.

CHART OF THE DAYMCX-COPPER

(DAILY CHART)

Strategy: Intraday

* CRUDE OIL prices traded with positive bias during the last trading session; and prices are trading above upward trend line.

* For Intraday session immediate support is at 5850 -5750 level and resistance at 6050- 6150. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 6050 - 6150 levels on higher side

 

 

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