facebook

MCX Market Today’s Profitable Trading Tips

Market Outlook

MCX Gold price showed some bearish bias after bullish movement and if price sustains below 31900 in next trading session then this downside movement may find next important support at 31700 and upwards side it has strong resistance level at 32200.MCX Crude oil broke its resistance level of 4100 and it will continue with bullish scenario up to next resistance of 4200 in upcoming session. MCX Copper was still volatile and price moves in between a range i.e. 435-440, now if price breaches 435 levels then we will continue to suggest bearish bias towards next support of 430 and if price takes recovery from lower levels then it can find resistance at 445.

Fundamental News

Prices of Gold eased on Tuesday, after hitting one-month high in the previous session, as a slight recovery in share markets and U.S. Treasury yields reduced some of the precious metal’s safe-haven appeal.

Crude oil rose further above $67 a barrel on Tuesday as OPEC supply cuts and expectations of lower U.S. inventories outweighed concern about weaker demand due to an economic slowdown.

Gold showed sideways to bearish movement and found the major support level of 32000. Now if price sustains on lower level then it will test next support level of 31900. On other side 32220 will be major resistance level.

Silver showed sideways to bearish movement and found the major support level of 38250. Now if price sustains on lower level then it will test next support level of 38000. On other side 38550 will be major resistance level.

Crude oil showed sideways to bullish movement and found the major resistance level of 4180. Now if price sustains on higher level then it will test next resistance level of 4250. On other side 4080 will be major support level.

Copper showed sideways to bullish movement and found the major resistance level of 440. Now if price sustains on higher level then it will test next resistance level of 444. On other side 435 will be major support level.

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

Free Mcx Tips, Online Mcx Tips, Mcx Trading Tips, Live Mcx Tips, Commodity Mcx Tips

Leave a Reply