Remarkable MCX Market Trading Tips by Expert

Market Outlook

MCX Gold price sliped below 32000 on Thursday and it can also continuw with downward trend in upcoming session towards next immediate support level i.e. 31800 and upward side it has resistance level at 32100. MCX Crude oil also showed downside movement and settles down. For next trading session, if price sustains below 4000 then it can test next intraday support of 3950 as well as again bearish scenario will active. MCX Copper took quick recovery from lower to upper side and test resistance of 441.50 and if price maintains above 442 then this bullish momentum can take price up to next resistance level of 446 and trend may also change.

Fundamental News

Gold prices may fall while the US Dollar attracts haven-seeking capital flows if a disappointing US GDP revision keeps investors in a downbeat mood.

Crude Oil prices dropped on Thursday, extending losses into a second consecutive session, following a surprise build in U.S. crude inventories.

Gold showed sideways to bearish movement and found the major support level of 31600. Now if price sustains on lower level then it will test next support level of 31450. On other side 32050 will be major resistance level.

Silver showed sideways to bearish movement and found the major support level of 37250. Now if price sustains on lower level then it will test next support level of 36900. On other side 38100 will be major resistance level.

Crude oil showed sideways to bearish movement and found the major support level of 4050. Now if price sustains on lower level then it will test next support level of 3970. On other side 4120 will be major resistance level.

Copper showed sideways to bullish movement and found the major resistance level of 444. Now if price sustains on higher level then it will test next resistance level of 448. On other side 437 will be major support level.

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

admin

Leave a Reply