MCX Copper is likely to trade with positive bias during today`s trading session - Monarch Networth Capital
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
COMMODITY TECHNICAL OUTLOOK :
* MCX Gold is likely to trade with positive bias during today’s trading session. Support is at Rs.61900 - 61700 levels whereas resistance is at Rs.62400 - 62600 levels
* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.70200 - 69700 levels whereas resistance is at Rs.71200 - 71800 levels.
* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.70200 - 69700 levels whereas resistance is at Rs.71200 - 71800 levels.
* MCX Crude Oil is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs. 6350 - 6250 levels whereas resistance is at Rs. 6550 - 6650 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.
Please refer disclaimer at https://www.mnclgroup.com/disclaimer
SEBI Registration Number : INZ000043833
