COMMODITY TECHNICAL OUTLOOK
* MCX Gold is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.60300 – 60000 levels whereas resistance is at Rs.60900 – 61200 levels.
* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.77500 – 77000 levels whereas resistance is at Rs.78500 – 79000 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.5750 – 5650 levels whereas resistance is at Rs. 5960 – 6060 levels.
* MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.738 – 733 levels whereas resistance is at Rs.748 – 753 levels.
CHART OF THE DAY
MCX-COPPER (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 738 – 733 level and resistance at 748 – 753. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 748 – 753 levels on higher side.
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