MCX Copper is likely to trade with positive bias during today`s 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.61700 - 61500 levels whereas resistance is at Rs.62200 - 62400 levels
* MCX Silver is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.69700 - 69200 levels whereas resistance is at Rs.70700 - 71200 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs. 6450 - 6350 levels whereas resistance is at Rs. 6650 - 6750 levels.
* MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.723 – 718 levels whereas resistance is at Rs.732 - 737 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 723 - 718 level and resistance at 732 - 737. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 732 - 737 levels on higher side
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