High MCX Tip For Trading By Expert

m1

commodity_tips

Market Outlook

MCX Gold price confirmed breaching 29950 level after closing the daily candlestick above it, reinforcing the expectations of achieving more gains in the upcoming sessions, oil price shows slight bullish bias on its way towards the first waited target at 4820, and the price gets continuous positive, we will continue to suggest the bullish trend conditioned by the price stability above 4770. MCX Copper price confirmed keeping the negative attempts by providing new negative close below 418 level, which forms key barrier between resuming the negative attack and starting forming correctional bullish trades.

 

m2

Fundamental News

On Tuesday Gold prices slipped as the dollar pared losses after reaching its lowest level since Aug. 2 in early trade after the U.S. and Mexico agreed on Monday to overhaul the North American Free Trade Agreement.

On Tuesday Crude oil price rose towards its highest since early July, thanks to evidence of still-modest increases in output from OPEC and improving Chinese refining demand.

m3 m4 m5

GOLD

Gold showed sideways to bullish movement and found the major resistance level of 30210. Now if price sustains on higher level then it will test next resistance level of 30356. On other side 30028 will be major support level.

m6

SILVER

Silver showed sideways to bullish movement and found the major resistance level of 37525. Now if price sustains on higher level then it will test next resistance level of 37677. On other side 37050 will be major support level.

m7

CRUDE

Crude oil showed sideways to bearish movement and found the major support level of 4796. Now if price sustains on lower level then it will test next support level of 4734. On other side 4867 will be major resistance level.

m8

COPPER

Copper showed sideways to bullish movement and found the major resistance level of 425.10. Now if price sustains on higher level then it will test next resistance level of 427.90. On other side 417.25 will be major support level.

m9 m10

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

admin

Leave a Reply