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COMMODITY TECHNICAL OUTLOOK

* MCX Gold is likely to trade with negative bias during today’s trading session. Support is at Rs.57700 - 57500 levels whereas resistance is at Rs.58200 - 58400 levels.

* MCX Silver is likely to trade with negative bias during today’s trading session. Support is at Rs.68700 - 68200 levels whereas resistance is at Rs.69600 - 70100 levels.

* MCX Crude Oil is likely to trade with negative bias during today’s trading session. Support is at Rs.6800 - 6700 levels whereas resistance is at Rs. 7000 - 7100 levels.

* MCX Copper is likely to trade with negative bias during today’s trading session. Support is at Rs.695 – 690 levels whereas resistance is at Rs.705 - 710 levels.

CHART OF THE DAY

MCX-COPPER (DAILY CHART)

Strategy: Intraday

* COPPER prices traded with negative bias during the last trading session; and prices are trading below upward trend line.

* For Intraday session immediate support is at 695 - 690 level and resistance at 705 - 710. Any pullback towards resistance level should be taken as selling opportunity targeting immediate support of 695 - 690 levels on lower side

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