Accurate Daily MCX Trading Tips & News

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Market Outlook
Gold MCX price shows some positive correction by yesterday’s closing and today’s opening, which supports us the chances for continuing the upward movement in the segment but some correction are expected from down side upto 30200 level, Crude oil Mcx price found good support at 3900 level, which expected forced it regain the price upto 3975 level, we believe that the chances for breaking 3900 level and will expect bearish momentum upto 3850 level. Copper Mcx price has no change on price, Copper repeated stability above their strong support at 450 level, If breaching it support then we are expecting new negative momentum upto 447.50 level.

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Gold prices open high today and remain bearish for the day with a low of 30264. Now if price sustains on lower levels then it can test support level of 30202 and 30100. On other side 30374 will be major resistance level.

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Silver prices open higher than previous day’s low but remain bearish for the day and made a new weekly low of 38450. Now if price sustains on lower levels then it can test support level of 38345 and 38100. On other side 38733 will be major resistance level.

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Crude oil price opens higher shows some consolidation but overall remain bullish on charts. Now if it sustains on higher level than it can test resistance levels are 3987 and 4026. On the other side 3919 is support level.

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Copper price open near to previous day close and continue its last day bearish trend with a day low of 448.50. Now if it remains at lower level than it can test support levels are 450.45 and 447. On the other side 456.50 is major resistance level.

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