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COMMODITY TECHNICAL OUTLOOK

* MCX Gold is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.72500 - 72200 levels whereas resistance is at Rs.73000 - 73300 levels.

* MCX Silver is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.83000 - 82500 levels whereas resistance is at Rs.84000 - 84500 levels.

* MCX Crude Oil is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs. 6780 - 6680 levels whereas resistance is at Rs. 7000 - 7100 levels.

* MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.840 – 835 levels whereas resistance is at Rs.850 - 855 levels.

CHART OF THE DAY

MCX-GOLD (DAILY CHART)

Strategy: Intraday

* COPPER 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 840 - 835 level and resistance at 850 - 855. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 850 - 855 levels on higher side.

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