High Rated Mcx Tips For Best Outcome

Market Outlook

MCX Gold broke its major support of 32000 and showed negative pressure on Thursday, now it has immediate support at 31700 and below this level we will continue with bearish wave towards next level of 31500. MCX Crude oil begins with positive attempt which hints the price head to resume the main bullish trend and it needs to breach 4000 levels, Therefore the bullish trend will be suggested in the upcoming sessions. MCX Copper farm new negative waves to keeps its stability on Thursday and if price closes below 450 then bearish trend will remain active towards next support of 445 and if price takes reverse movement in next trading session then it can test 460 levels.

Fundamental News

Prices of Gold steadied on Thursday as dollar traded near its more than two-week high, while lacklustre appetite for riskier assets offered some support to the safe-haven metal ahead of European Central Bank’s (ECB) policy meeting due later in the day.  Crude Oil crept up amid ongoing OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, but gains were capped by record U.S. crude output and rising commercial fuel inventories.

GOLD

Gold showed sideways to bearish movement and found the major support level of 31777. Now if price sustains on lower level then it will test next support level of 31620. On other side 31965 will be major resistance level.

SILVER

Silver showed sideways to bearish movement and found the major support level of 37889. Now if price sustains on lower level then it will test next support level of 37600. On other side 38241 will be major resistance level.

CRUDE

Crude oil showed sideways to bullish movement and found the major resistance level of 3994. Now if price sustains on higher level then it will test next resistance level of 4058. On other side 3935 will be major support level.

COPPER

Copper showed sideways to bearish movement and found the major support level of 451.50. Now if price sustains on lower level then it will test next support level of 447. On other side 455.10 will be major resistance level.

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