MCX Copper is likely to trade with sideways to 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 sideways to positive bias during today’s trading session. Support is at Rs.71400 - 71100 levels whereas resistance is at Rs.72000 - 72300 levels.
* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.88000 - 87000 levels whereas resistance is at Rs.90000 - 91000 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs. 6600 - 6500 levels whereas resistance is at Rs. 6800 - 6900 levels.
* MCX Copper is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.845 – 838 levels whereas resistance is at Rs.858 - 864 levels.
CHART OF THE DAY
MCX-CRUDE OIL (DAILY CHART)
Strategy: Intraday
* CRUDE OIL 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 6600 - 6500 level and resistance at 6800 - 6900. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 6800 - 6900 levels on higher side.
Please refer disclaimer at https://www.mnclgroup.com/disclaimer
SEBI Registration Number : INZ000043833
