MCX Gold is likely to trade with sideways to negative 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
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.59500 - 59900 levels whereas resistance is at Rs.60000 - 60200 levels.
* MCX Silver is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.69600 - 69200 levels whereas resistance is at Rs.70400 - 70800 levels.
* MCX Crude Oil is likely to trade with negative bias during today’s trading session. Support is at Rs.6350 - 6250 levels whereas resistance is at Rs. 6550 - 6650 levels.
* MCX Copper is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.694 – 690 levels whereas resistance is at Rs.702 - 706 levels.
CHART OF THE DAY
Strategy: Intraday
* COPPER prices traded with negative bias during the last trading session; and prices are trading below downward trend line.
* For Intraday session immediate support is at 694 - 690 level and resistance at 702 - 706. Any pullback towards resistance level should be taken as selling opportunity targeting immediate support of 694 - 690 levels on lower side.
Please refer disclaimer at https://www.mnclgroup.com/disclaimer
SEBI Registration Number : INZ000043833.
Tag News
Buy Gold Above 72500 SL Below 72300 TGT 72800/73100 - Axis Securities Ltd
