MCX Crude Oil is likely to trade with sideways to positive bias during today`s trading session - Monarch Networth Capital Ltd
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 negative bias during today’s trading session. Support is at Rs.76800 - 76500 levels whereas resistance is at Rs.77400 – 77700 levels.
* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.89500 - 88500 levels whereas resistance is at Rs. 91500 - 92500 levels.
* MCX Crude Oil is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs. 6250 - 6180 levels whereas resistance is at Rs. 6370 - 6430 levels.
* MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.806 – 800 levels whereas resistance is at Rs.818 - 824 levels.
CHART OF THE DAY
MCX- COPPER (DAILY CHART)
Strategy: Intraday
* COPPER prices traded with positive bias during the last trading session; and prices are trading above downward trend line.
* For Intraday session immediate support is at 806 – 800 level and resistance at 818 – 824. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 818 – 824 levels on higher side.
Please refer disclaimer at https://www.mnclgroup.com/disclaimer
SEBI Registration Number : INZ000043833
