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COMMODITY TECHNICAL OUTLOOK

* MCX Gold is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.72700 - 72400 levels whereas resistance is at Rs.73300 - 73600 levels.

* MCX Silver is likely to trade with positive bias during today’s trading session. Support is at Rs.92500 - 91500 levels whereas resistance is at Rs.94500 - 95500 levels.

* MCX Crude Oil is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs. 6860 - 6760 levels whereas resistance is at Rs. 7060 - 7160 levels.

* MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.869 – 863 levels whereas resistance is at Rs.880 - 886 levels.

CHART OF THE DAY

MCX-SILVER (DAILY CHART) 

Strategy: Intraday

* SILVER 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 92500 - 91500 level and resistance at 94500 - 95500. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 94500 - 95500 levels on higher side.

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