facebook

Best Return With Mcx Trading Tips

 

Market Outlook

MCX Gold price keeps providing the positive trading today, on its way for a potential test to the key resistance 30650; we will keep our overall bullish overview unless breaching 30550 level and holding below it, oil price shows new negative trades to head towards testing the key support 4980, which urges caution from the upcoming trading, as breaking this level will stop the positive overview. MCX copper price started to provide new negative trades to record 446 as appears on the chart, No change to Copper price, as it continues to consolidate within the bearish range.

Fundamental News

On Wednesday gold prices rose to a one-week high as a softening dollar supported buying in the yellow metal. Lifted by a report of declining U.S. fuel inventories, Crude Oil prices climbed on Wednesday.

GOLD

Gold showed sideways to bullish movement and found the major resistance level of 30647. Now if price sustains on higher level then it will test next resistance level of 30720. On other side 30351 will be major support level.

SILVER

Silver showed sideways to bullish movement and found the major resistance level of 39966. Now if price sustains on higher level then it will test next resistance level of 40147. On other side 39700 will be major support level.

CRUDE

Crude oil showed sideways to bullish movement and found the major resistance level of 5123. Now if price sustains on higher level then it will test next resistance level of 5173. On other side 5047 will be major support level.

COPPER

Copper showed sideways to bearish movement and found the major support level of 434.30. Now if price sustains on lower level then it will test next support level of 428.60. On other side 453.20 will be major resistance level.

(Click to submit your details) Just one step to get best trading tips and Recommendation.

 

Leave a Reply