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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.59800 - 59600 levels whereas resistance is at Rs.60300 - 60600 levels.
* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.74900 - 74400 levels whereas resistance is at Rs.76000 - 76500 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.6600 - 6500 levels whereas resistance is at Rs. 6800 - 6900 levels.
* MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.751 - 746 levels whereas resistance is at Rs.764 - 769 levels.
CHART OF THE DAY
MCX-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 6600 - 6500 level and resistance at 6800 - 6900. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 6800 - 6900 levels on higher side.
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