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Highlighting Daily Profitable Mcx Tips for Big Profit

Market Outlook

MCX Gold price resumes its negative trading and price can test 33000 levels. For next trading session our bearish overview will remain continue towards next support level of 32900. MCX Crude oil price shows sideways trading since morning to fluctuate around 3750 levels now, and as long as the price is below 3700, the negative pressure will remain active for today. MCX Copper took quick recovery today from lower to higher side and test immediate resistance of 440 and if price maintains above this level then we expect some upwards side movement in next trading session up to next resistance of 445.

Fundamental News

Prices of gold fell on Monday by Rs 55 to Rs 34,225 per ten gram at the bullion market, tracking a weak trend overseas amid tepid demand from local jewelers, according to All India Sarafa Association.Crude oil prices slipped early on Monday in Asia as U.S. drilling activity picked up and as Russia’s biggest oil producer pressured President Vladimir Putin to end the supply cut deal with Middle East-dominated producer club OPEC.

GOLD

Gold showed sideways to bearish movement and found the major support level of 32900. Now if price sustains on lower level then it will test next support level of 32800. On other side 33200 will be major resistance level.

SILVER

Silver showed sideways to bearish movement and found the major support level of 39741. Now if price sustains on lower level then it will test next support level of 39500. On other side 40049 will be major resistance level.

CRUDE

Crude oil showed sideways to bearish movement and found the major support level of 3651. Now if price sustains on lower level then it will test next support level of 3560. On other side 3754 will be major resistance level.

COPPER

Copper showed sideways to bearish movement and found the major support level of 437.45. Now if price sustains on lower level then it will test next support level of 434. On other side 442.10 will be major resistance level.

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