MCX Copper is likely to trade with sideways to positive bias during today’s trading session - Monarch Networth Capital
COMMODITY TECHNICAL OUTLOOK
* MCX Gold is likely to trade with positive bias during today’s trading session. Support is at Rs.72800 - 72500 levels whereas resistance is at Rs.73500 - 73800 levels.
* MCX Silver is likely to trade with positive bias during today’s trading session. Support is at Rs.92500 - 91500 levels whereas resistance is at Rs.94600 - 95600 levels.
* MCX Crude Oil is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs. 6220 - 6120 levels whereas resistance is at Rs. 6420 - 6520 levels.
* MCX Copper is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.880 – 872 levels whereas resistance is at Rs.896 - 904 levels.
CHART OF THE DAY
MCX-SILVER (DAILY CHART)
Strategy: Intraday
* SILVER 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 92500 - 91500 level and resistance at 94600 - 95600. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 94600 - 95600 levels on higher side.
Please refer disclaimer at https://www.mnclgroup.com/disclaimer
SEBI Registration Number : INZ000043833
