MCX Crude Oil is likely to trade with negative bias during today`s trading session - Monarch Networth Capital
![](https://portfolio.investmentguruindia.com/uploads/news/Monarch networth.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
COMMODITY TECHNICAL OUTLOOK
* MCX Gold is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.73700 - 73400 levels whereas resistance is at Rs.74300 - 74600 levels.
* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.93700 - 92700 levels whereas resistance is at Rs.95700 - 96700 levels.
* MCX Crude Oil is likely to trade with negative bias during today’s trading session. Support is at Rs. 6470 - 6370 levels whereas resistance is at Rs. 6680 - 6780 levels.
* MCX Copper is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.926 – 916 levels whereas resistance is at Rs.942 - 952 levels.
CHART OF THE DAY
MCX-CRUDE OIL (DAILY CHART)
Strategy: Intraday
* CRUDE OIL prices traded with mild negative bias during the last trading session; and prices are trading below downward trend line.
* For Intraday session immediate support is at 6470 - 6370 level and resistance at 6680 - 6580. Any pullback towards resistance level should be taken as selling opportunity targeting immediate support of 6470 - 6370 levels on lower side.
Please refer disclaimer at https://www.mnclgroup.com/disclaimer
SEBI Registration Number : INZ000043833
![](https://portfolio.investmentguruindia.com/uploads/news/Max Financial Services Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Piyush Goyal24.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/HPCLLtd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/railway24.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Hero Motocorp Ltd 1.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Signature Global 24.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Startup_48.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/IPO7.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/IIM Bangalore24.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/MRF Ltd.jpg)