MCX Copper is likely to trade with positive bias during today`s trading session - Monach networth capital
COMMODITY TECHNICAL OUTLOOK
* MCX Gold is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.62200 - 62000 levels whereas resistance is at Rs.62800 - 63000 levels.
* MCX Silver is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.73800 - 73200 levels whereas resistance is at Rs.75000 - 75600 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.5760 - 5700 levels whereas resistance is at Rs. 5900 - 5960 levels.
* MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.710 – 706 levels whereas resistance is at Rs.720 - 724 levels.
CHART OF THE DAY
MCX-COPPER (DAILY CHART)
Strategy: Intraday
* COPPER 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 710 - 706 level and resistance at 720 - 724. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 720 - 724 levels on higher side.
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