facebook

Online Mcx Tips For Best Return and Support

Market Outlook

MCX Gold price resumes its positive trading by today’s opening to breach 31600 level and attempts to hold above it, which supports the continuation of our bullish overview efficiently in the upcoming period, Oil price achieved some gains yesterday and approached 48.00$ barrier, but it bounced bearishly to settle below 3360 now, which keeps the overall bearish trend scenario active until now, MCX Copper price continued forming negative trading by its stability below 424 level, to approach from the next target at 402, to move to a new negative track in the upcoming period.

Fundamental News

On Thursday in Asia Gold prices edged up and traded near a more than six-month high amid concerns on a global economic slowdown and volatility in stock markets. On Thursday in Asia Crude Oil prices fell as investor sentiment continued to be affected by the slowdown in China and turmoil in stock and currency markets.

GOLD

Gold showed sideways to bullish movement and found the major resistance level of 31950. Now if price sustains on higher level then it will test next resistance level of 32050. On other side 31650 will be major support level.

SILVER

Silver showed sideways to bullish movement and found the major resistance level of 39470. Now if price sustains on higher level then it will test next resistance level of 39700. On other side 39150 will be major support level.

CRUDE

Crude oil showed sideways to bearish movement and found the major support level of 3200. Now if price sustains on lower level then it will test next support level of 3114. On other side 3340 will be major resistance level.

COPPER

Copper showed sideways to bearish movement and found the major support level of 397. Now if price sustains on lower level then it will test next support level of 394. On other side 420.40 will be major resistance level.

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

Leave a Reply