Mcx Gold is likely to trade with sideways to negative bias during today`s trading session - Monarch Networth Capital
![](https://portfolio.investmentguruindia.com/uploads/news/Monarch networth.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
COMMODITY TECHNICAL OUTLOOK:
* MCX Gold is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.62100 - 61900 levels whereas resistance is at Rs.62500 - 62700 levels.
* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.70400 - 70000 levels whereas resistance is at Rs.71200 - 71600 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs. 6260 - 6160 levels whereas resistance is at Rs. 6460 - 6560 levels.
* MCX Copper is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.700 – 696 levels whereas resistance is at Rs.707 - 711 levels.
CHART OF THE DAY:
MCX-CRUDE OIL (DAILY CHART:
Strategy: Intraday:
* CRUDE OIL 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 6260 - 6160 level and resistance at 6460 - 6560. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 6460 - 6560 levels on higher side.
Please refer disclaimer at https://www.mnclgroup.com/disclaimer
SEBI Registration Number : INZ000043833
![](https://portfolio.investmentguruindia.com/uploads/news/Shyam Metalics and Energy_03july.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_luxury_hotels.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Dussehra_tips.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Investment Best for Kids Future.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_festive_season.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/food37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Mental_Health.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Romance.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/NOCIL Ltd.jpg)