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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.67500 - 67200 levels whereas resistance is at Rs.68000 - 68300 levels.

* MCX Silver is likely to trade with positive bias during today’s trading session. Support is at Rs.74500 - 74000 levels whereas resistance is at Rs.75500 - 76000 levels.

* MCX Crude Oil is likely to trade with positive 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 sideways to positive bias during today’s trading session. Support is at Rs.757 – 753 levels whereas resistance is at Rs.765 - 769 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 trend line.

* For Intraday session immediate support is at 6800 - 6700 level and resistance at 7000 - 7100. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 7000 - 7100 levels on higher side.

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