SILVER 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.51500 - 51200 levels whereas resistance is at Rs.52000- 52300 levels.
MCX Silver is likely to trade with negative bias during today’s trading session. Support is at Rs.67100 - 66700 levels whereas resistance is at Rs.67800 - 68100 levels.
MCX Crude Oil is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.7960 - 7780 levels whereas resistance is at Rs. 8280 - 8450 levels.
MCX Copper is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.817 - 812 levels whereas resistance is at Rs.828 - 833 levels.
CHART OF THE DAY
Strategy: Intraday
SILVER prices traded with positive bias during the last trading session but it was trading below upward slopping trend line.
For Intraday session immediate support is at 67100 - 66700 level and resistance at 67800 - 68100. Any pullback towards resistance level should be taken as selling opportunity targeting immediate support of 67100 - 66700 levels on lower side
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