Higher Profits With Beneficial MCX Trading Tips

Market Outlook

MCX Gold price trades with clear negativity now to approach our first waited target at 30380, which supports the continuation of our bearish overview efficiently for the rest of the day, Oil price provided negative trading to test the main bullish trend line that appears on the chart and keeps its stability above it, MCX Copper price begins to form negative trading to move away from 452 resistance today, its approach to the first negative target at 445,  the oversold areas will confirm the continuation of the negativity and expect moving towards correction level at 2.8500 in the upcoming period.

Fundamental News

Bullions prices edged down on Tuesday despite escalating trade concerns between the U.S. and other major economies. Crude prices rose on Tuesday, supported by Canadian production losses and uncertainty over Libyan exports. Crude oil Company from the capital Tripoli, also called NOC, will no longer be allowed to handle that oil.

GOLD

Gold showed sideways to bearish movement and found the major support level of 30452. Now if price sustains on lower level then it will test next support level of 30350. On other side 30641 will be major resistance level.

SILVER

Silver showed sideways to bearish movement and found the major support level of 39375. Now if price sustains on lower level then it will test next support level of 39120. On other side 39746 will be major resistance level.

CRUDE

Crude oil showed sideways to bullish movement and found the major resistance level of 4837. Now if price sustains on higher level then it will test next resistance level of 4900. On other side 4627 will be major support level.

COPPER

Copper showed sideways to bullish movement and found the major resistance level of 452.20. Now if price sustains on higher level then it will test next resistance level of 456.60. On other side 448.80 will be major support level.

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