MCX Crude Oil is likely to trade with positive bias during today`s trading session. Support is at Rs.6370 - 6270 levels - Monarch Networth Capital Ltd
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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.62600 - 62400 levels whereas resistance is at Rs.63000 - 63200 levels.
* MCX Silver is likely to trade with positive bias during today’s trading session. Support is at Rs.76800 - 76300 levels whereas resistance is at Rs.77800 - 78200 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.6370 - 6270 levels whereas resistance is at Rs. 6570 - 6670 levels.
* MCX Copper is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.715 – 711 levels whereas resistance is at Rs.723 - 727 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 62600 - 62400 level and resistance at 63000 - 63200. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 63000 - 63200 levels on higher side.
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