IGI Logo

COMMODITY TECHNICAL OUTLOOK

* MCX Gold is likely to trade with positive bias during today’s trading session. Support is at Rs.71300 - 71000 levels whereas resistance is at Rs.71900 – 72200 levels.

* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.83300 - 82300 levels whereas resistance is at Rs.85300 - 86300 levels.

* MCX Crude Oil is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs. 6100 - 6020 levels whereas resistance is at Rs. 6250 - 6320 levels.

* MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.800 – 794 levels whereas resistance is at Rs.812 - 818 levels.

CHART OF THE DAY

MCX-GOLD (DAILY CHART)

Strategy: Intraday

* GOLD 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 71300 – 71000 level and resistance at 71900 – 72200. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 71900 – 72200 levels on higher side.

Please refer disclaimer at https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833