MCX Silver is likely to trade with positive bias during today`s trading session Support is at Rs.76500 - 76000 levels - Monarch Networth Capital Ltd
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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.62500 - 62300 levels whereas resistance is at Rs.63000 - 63200 levels.
* MCX Silver is likely to trade with positive bias during today’s trading session. Support is at Rs.76500 - 76000 levels whereas resistance is at Rs.77500 - 78000 levels.
* MCX Crude Oil is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.6300 - 6200 levels whereas resistance is at Rs. 6500 - 6600 levels.
* MCX Copper is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.719 – 715 levels whereas resistance is at Rs.727 - 731 levels.
CHART OF THE DAY MCX-GOLD (DAILY CHART)
Strategy: Intraday
* GOLD 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 62500 - 62300 level and resistance at 63000 - 63200. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 63000 - 63200 levels on higher side.
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