MCX Gold is likely to trade with positive bias during today`s trading session - Monarch Networth Capital
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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.57300 - 57100 levels whereas resistance is at Rs.57900 - 58100 levels.
* MCX Silver is likely to trade with positive bias during today’s trading session. Support is at Rs.68700 - 68200 levels whereas resistance is at Rs.69800 - 70300 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.7060 - 6960 levels whereas resistance is at Rs. 7260 - 7360 levels.
* MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.707 – 702 levels whereas
resistance is at Rs.717 - 722 levels
CHART OF THE DAY
Strategy: Intraday
* COPPER prices traded with positive bias during the last trading session; but prices are trading below upward trend line.
* For Intraday session immediate support is at 707 - 702 level and resistance at 717 - 722. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 717 - 722 levels on higher side
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