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Online Mcx Trading Tips For Investors

Market Outlook

MCX Gold showed strong bearish movement and also breaches its major support level of 31500 and if price trades below 31350 in upcoming session then it can find next crucial support of 31150 as well as bearish trend will remain continue. MCX Crude oil broke its strong support of 4400 and showed down side movement. For upcoming trading period we will continuing to suggest down trend, if price sustains below 4300 levels. MCX Copper also broke 425 levels and trades below this level on Monday and if price sustains below 420 then this momentum can find next support at 415 and if it takes recovery from lower to higher side then it can find resistance of 430.

Fundamental News

Gold fell to a more than two-week low on Monday as investors preferred the safety of the dollar, with the currency underpinned by robust economic reports out of the United States, even as geopolitical risks and trade tensions persist.

Oil hit multi-week highs on Monday after OPEC indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle East tensions provided further support.

GOLD

Gold showed sideways to bearish movement and found the major support level of 31350. Now if price sustains on lower level then it will test next support level of 31200. On other side 31700 will be major resistance level.

SILVER

Silver showed sideways to bearish movement and found the major support level of 36050. Now if price sustains on lower level then it will test next support level of 35700. On other side 36500 will be major resistance level.

CRUDE

Crude oil showed sideways to bearish movement and found the major support level of 4330. Now if price sustains on lower level then it will test next support level of 4260. On other side 4470 will be major resistance level.

COPPER

Copper showed sideways to bearish movement and found the major support level of 419. Now if price sustains on lower level then it will test next support level of 415. On other side 426 will be major resistance level.

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