Online Mcx Trading Tips For Success

Market Outlook

MCX Gold price showed strong bullish movement in Monday and it may continue with its bull run in upcoming session as well as test major resistance level of 32500. MCX Crude oil continues with bearish trend but also took quick recovery from lower levels and test its immediate resistance level of 3750 and if price manages above 3850 in next session then this momentum can find next strong resistance level at 3900.MCX Copper broke its major support level of 405 and showed downward side movement and if price trades below 400 in next trading session then again bearish scenario will active towards next support level of 395.        

Fundamental News

Gold prices rose on Monday to their highest in more than two months on worries that U.S.-Chinese trade tensions and Washington’s threat of tariffs on Mexico would hurt the global economy.

Oil prices held steady on Monday following last week’s heavy losses, as deepening U.S. trade wars fanned fears of a global economic slowdown but top oil exporter Saudi Arabia sought to calm markets.

GOLD

Gold showed sideways to bullish movement and found the major resistance level of 32500. Now if price sustains on higher level then it will test next resistance level of 32650. On other side 32220 will be major support level.

SILVER

Silver showed sideways to bullish movement and found the major resistance level of 36800. Now if price sustains on higher level then it will test next resistance level of 37100. On other side 36400 will be major support level.

CRUDE

Crude oil showed sideways to bearish movement and found the major support level of 3650. Now if price sustains on lower level then it will test next support level of 3560. On other side 3800 will be major resistance level.

COPPER

Copper showed sideways to bearish movement and found the major support level of 403. Now if price sustains on lower level then it will test next support level of 400. On other side 408 will be major resistance level.

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