01-01-1970 12:00 AM | Source: Monarch Networth Capital Ltd
The USD/INR futures pair has support at 81.90 levels whereas resistance is placed at 82.20 levels - 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.58300 - 58100 levels whereas resistance is at Rs.59000 - 59300 levels.

*  MCX Silver is likely to trade with negative bias during today’s trading session. Support is at Rs.68700 - 68200 levels whereas resistance is at Rs.69700 - 70200 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 positive bias during today’s trading session. Support is at Rs.727 - 723 levels whereas resistance is at Rs.735 - 739 levels  

CHART OF THE DAY

MCX-CRUDE OIL (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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