MCX Crude Oil is likely to trade with sideways to positive bias during today`s trading session - Monarch Networth Capital Ltd
COMMODITY TECHNICAL OUTLOOK
* MCX Gold is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.76700 - 76500 levels whereas resistance is at Rs.77300 – 77500 levels.
* MCX Silver is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.90000 - 89000 levels whereas resistance is at Rs. 92000 - 93000 levels.
* MCX Crude Oil is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs. 5960 - 5900 levels whereas resistance is at Rs. 6100 - 6170 levels.
* MCX Copper is likely to trade with negative bias during today’s trading session. Support is at Rs.808 – 802 levels whereas resistance is at Rs.820 - 826 levels.
CHART OF THE DAY
MCX- COPPER (DAILY CHART)
Strategy: Intraday
* COPPER prices traded with mild negative bias during the last trading session; and prices are trading above upward trend line.
* For Intraday session immediate support is at 808 – 802 level and resistance at 820 – 826. Any pullback towards resistance level should be taken as selling opportunity targeting immediate support of 808 – 802 levels on lower side.
Please refer disclaimer at https://www.mnclgroup.com/disclaimer
SEBI Registration Number : INZ000043833
