NATURAL GAS prices traded with positive bias during the last trading session -Monarch Networth Capital
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COMMODITY TECHNICAL OUTLOOK
MCX Gold is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.51000 - 50700 levels whereas resistance is at Rs.51800- 52100 levels.
MCX Silver is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.66800 - 66000 levels whereas resistance is at Rs.68800 - 69600 levels.
MCX Crude Oil is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.8140 - 7900 levels whereas resistance is at Rs. 8640 - 8880 levels.
MCX Copper is likely to trade with negative bias during today’s trading session. Support is at Rs.810 - 804 levels whereas resistance is at Rs.821 - 827 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 378 - 363 level and resistance at 400 - 415. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 400 - 415 levels on higher side
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