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TODAYS MCX MARKET NEWS UPDATES

Market Outlook
Gold price tested 30300 level and keeps its stability above it until now, the mentioned level and protect the recently suggested positive scenario, waiting to rebound bullishly and resume the bullish trend that its targets begin at 30700. Crude oil price settles at 3930 level after confirming breaking the 3965 level, breaking the 3920 level will lead the price to visit 3865 level as a next main station. Copper price continued its negative fluctuation to settle around the 445 level, the continuation of the negative pressure and attempting to get negative close below the current support 442.50 level. Trading range for today is between 442 support and 455 resistance.

Fundamental News
U.S. President Donald Trump said on Thursday he was prepared to meet North Korean leader Kim Jong UN for the first U.S.-North Korea summit, marking a potentially dramatic breakthrough in nuclear tensions with Pyongyang.

Crude oil prices regained some ground on Friday, as news of a U.S.-North Korea lifted market sentiment, although concerns over U.S. oil inventories and production levels continued to weigh.

Gold prices fall today and made new low of 30280 but recover at the end of the day following some bullish trend. Now if price sustains on higher level then it will test resistance level of 30546 and 30687. On other side 30316 will be major support level.

Silver prices continues bearish today and made new low of 38550 but recover at the end of the day following some bullish trend. Now if price sustains on higher level then it will test resistance level of 39282 and 39499. On other side 38783 will be major support level.

Crude oil price opens lower but follow bullish trend for the day. Sustaining above psychological level of 4000. Major resistance levels are 4070 and 4098. On the other side support level is 3961.

Copper price opens lower but follow bullish trend for the day. Sustaining above psychological level of 450. Major resistance levels are 457.25 and 459.70. On the other side support level is 450.15.

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