Online Profitable Mcx Trading Tips

     

Market Outlook

MCX Gold breached its major resistance of 33500 and trades above this level. For upcoming session bullish trend may remain continue and it can find new resistance level of 33800.MCX Crude oil price rose on Monday and test 4000 levels and if price maintains above 4000 then this bullish momentum can take price up to next resistance of 4100 in next trading session.MCX Copper price also jumped  and trades above 445 levels and for next session we will continue to suggest upward trend and price may test next immediate resistance of 452 and if it takes some correction from higher levels than 440 will act as a next major support level.

Fundamental News

Prices of Gold rose to their strongest level in more than two weeks on Monday as the dollar weakened on hopes the United States and China are nearing a trade deal, while palladium hit a record high.  Crude oil eased on Monday, but remained on track for its strongest first quarter in eight years, thanks to a growing belief among investors that OPEC’s supply cuts will prevent a build-up in unused fuel.  

GOLD

Gold showed sideways to bullish movement and found the major resistance level of 33610. Now if price sustains on higher level then it will test next resistance level of 33750. On other side 33450 will be major support level.

SILVER

Silver showed sideways to bullish movement and found the major resistance level of 40300. Now if price sustains on higher level then it will test next resistance level of 40600. On other side 40080 will be major support level.

CRUDE

Crude oil showed sideways to bullish movement and found the major resistance level of 4027. Now if price sustains on higher level then it will test next resistance level of 4100. On other side 3944 will be major support level.

COPPER

Copper showed sideways to bullish movement and found the major resistance level of 448.90. Now if price sustains on higher level then it will test next resistance level of 452.50. On other side 443 will be major support level.

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

admin

Leave a Reply