MCX Copper is likely to trade with sideways to positive bias during today`s trading session - Monarch Networth Capital Ltd
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.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.
Please refer disclaimer at https://www.mnclgroup.com/disclaimer
SEBI Registration Number : INZ000043833
More News
Copper and aluminum gave up early gains and settled lower on Tuesday as traders assessed the...
