MCX Gold was quite volatile today it gives both side movements. For upcoming session if it can able to close above 31300 then it will give good bullish movement. MCX Crude took some correction from higher level and after sharp downfall it quickly took upside movement and it may continue with its bullish trend.MCX Copper took recovery from lower levels and made new highs and all other base metals are also gives strong buying after Friday’s downfall. For upcoming session all base metals may continue with upward trend,
Prices of swung between small gains and losses on Monday despite heightened geopolitical risk as markets assessed the fallout from U.S.-led missile strikes on Syria on Friday.
Crude Oil fell nearly 2 percent on Monday after U.S. drilling activity rose and fears waned about escalating tensions in the Middle East following air strikes on Syria over the weekend.
Gold prices open high today and made low of 31155 but recover on later half of the day. Now if price sustains on higher levels then it can test resistance level of 31355 and 31562. On other side 31155 will be major support level.
Silver prices open high today and made low of 38855 but recover on later half of the day. Now if price sustains on higher levels then it can test resistance level of 39290 and 39459. On other side 38855 will be major support level.
Crude oil price opens lower shows some consolidation but overall remain bearish on charts. Now if it sustains on lower level than it can test support levels are 4326 and 4300. On the other side 4385 is resistance level.
Copper price opens higher shows some consolidation but overall remain bullish on charts. Now if it sustains on higher level than it can test resistance levels are 450.70 and 453.70. On the other side 442 is support level.
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