MCX Silver is likely to trade with sideways to positive bias during today`s trading session. Support is at Rs.73000 - 72400 - Monarch Networth Capital
COMMODITY TECHNICAL OUTLOOK
* MCX Gold is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.58900 - 58700 levels whereas resistance is at Rs.59400 - 59600 levels.
* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.73000 - 72400 levels whereas resistance is at Rs.74200 - 74800 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.6100 - 6000 levels whereas resistance is at Rs. 6320 - 6420 levels.
* MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.724 - 720 levels whereas resistance is at Rs.732 - 736 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 6050 -5950 level and resistance at 6250- 6350. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 6250 - 6350 levels on higher side.
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