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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.69400 - 69100 levels whereas resistance is at Rs.70000 – 70300 levels.

* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.79600 - 78600 levels whereas resistance is at Rs.81600 - 82600 levels.

* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs. 6350 - 6280 levels whereas resistance is at Rs. 6500 - 6580 levels.

* MCX Copper is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.768 – 762 levels whereas resistance is at Rs.780 - 786 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 69400 – 69100 level and resistance at 70000 – 70300. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 70000 – 70300 levels on higher side.

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