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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.

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