IGI Logo

COMMODITY TECHNICAL OUTLOOK

* MCX Gold is likely to trade with positive bias during today’s trading session. Support is at Rs.64500 - 64200 levels whereas resistance is at Rs.65100 - 65400 levels.

*  MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.72800 - 72300 levels whereas resistance is at Rs.73800 - 74300 levels.

* MCX Crude Oil is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs. 6380 - 6280 levels whereas resistance is at Rs. 6580 - 6680 levels.

*  MCX Copper is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.722 – 718 levels whereas resistance is at Rs.730 - 734 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 downward trend line. 

* For Intraday session immediate support is at 64500 - 64200 level and resistance at 65100 - 65400. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 65100 - 65400 levels on higher side.

Please refer disclaimer at https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833