facebook

Profitable Crude Oil Market Updates and Free MCX Tips

a1

a2

 

Market Outlook
Gold prices were little changed during European morning hours, as investors prepared for a rate hike by the Federal Reserve while keeping an eye on the outcome of the Dutch election. Oil prices were higher during European morning hours on Wednesday, bouncing off the lowest level in around four months after industry data showed a surprise drawdown in U.S. crude stockpile. The American Petroleum Institute said that U.S. oil inventories fell by a surprising 530,000 barrels in the week ended March 10. The dollar was lower against a basket of the other major currencies on Wednesday ahead of an expected interest rate hike by the Federal Reserve at the conclusion at the conclusion of its policy meeting later in the trading day.

a3

Fundamental News
China’s fiscal spending surged 17.4 percent in the first two months of 2017 from the same period of last year, the finance ministry said on Wednesday, quickening from a 12 percent gain seen in the same period a year ago.
Global oil inventories rose for the first time in six months in January, despite OPEC’s production cuts, but if the group maintains its output limits, the market may tilt into deficit in the first half of 2017, the International Energy Agency said

a4

 

 

a5
Gold showed bearish movement and found the important support level of 27900. Now if it will sustain below the important support level of 27900 then 27700 will act as next support level. On the other hand 28200 will act as a major resistance level.

a6

Silver showed sideways movement and found the important support level of 39800. Now if it will sustain below 39800 then 39300 will act as next support level. On the other hand 40300 will act as a major resistance level.

a7

Crude showed sideways to bearish movement and found the important support level of 3150. Now if it will close below the important support level of 3150 then 3050 will act as next support level. On the other hand 3240 will act as a major resistance level.

a8

 

Copper showed sideways to bullish movement and found the important resistance level of 389. Now if it will close below the important support level of 384 then 378 will act as next support level. On the other hand 390 will act as a major resistance level.

a9

 

 

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

 

 

Leave a Reply