Free MCX Trading Tips and Crude Oil Market Updates

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Market Outlook

Gold prices were higher in European morning trade on Tuesday, adding to the prior session’s gains amid uncertainty over the outlook for U.S policy after President Donald Trump introduced immigration curbs that sparked criticism at home and abroad.  Oil prices fell on Tuesday as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in a move to prop up the market. The dollar was on course for its worst start to a year since 2008 on Tuesday as concerns over the broader shape of policy under President Trump outweighed the expectations of higher U.S.All the base metals are is good up move.

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Fundamental News

Gold prices were higher in European morning trade on Tuesday, adding to the prior session’s gains amid uncertainty over the outlook for U.S policy after President Donald Trump introduced immigration curbs that sparked criticism at home and abroad.

Brent crude oil prices fell around 5 percent from their early January peak as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in an effort to prop up the market. Brent crude futures.

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Gold showed bullish movement and found the important resistance level of 28830. Now if it will sustain above the important resistance level of 28850 then 29000 will act as next resistance level. On the other hand 28500 will act as a major support level.

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Silver showed bullish movement and found the important resistance level of 41990. Now if it will sustain above 42000 then 42500 will act as next resistance level. On the other hand 41000 will act as a major support level.

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Crude showed bullish movement and found the important resistance level of 3622. Now if it will close above the important resistance level of 3650 then 3700 will act as next resistance level. On the other hand 3550 will act as a major support level.

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Copper showed bullish movement and found the important resistance level of 406.50. Now if it will close above the important resistance level of 407 then 410 will act as next resistance level. On the other hand 401 will act as a major support level.

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