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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.75000 - 74700 levels whereas resistance is at Rs.75600 – 75900 levels.

* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.91200 - 90500 levels whereas resistance is at Rs.93000 - 93800 levels.

* MCX Crude Oil is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs. 5780 - 5700 levels whereas resistance is at Rs. 5920 - 6000 levels.

*  MCX Copper is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.834 – 828 levels whereas resistance is at Rs.846 - 852 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 75000 – 74700 level and resistance at 75600 –75900. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 75600 – 75900 levels on higher side.

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