Increase Your Profit With Mcx Trading Tips

 

Market Outlook

MCX Gold price took quick recovery from lower to higher side after yesterday’s downfall. For upcoming session, it may gives more upside movement, if price manages above 34700 and after that 35000 will act as a next major resistance level. MCX Crude oil showed positive movement and if price trades above 4100 in upcoming period then we will continue to suggesting bullish bias up to next intraday resistance level of 4150. MCX Copper showed slight negative movement on Wednesday and if price sustains below 440 levels then this bearish momentum can find next immediate support of 435 and higher side it has immediate resistance level at 450.

Fundamental News

Gold prices held steady on Wednesday as investors waited on the outcome of the Federal Reserve’s meeting later in the day when policymakers are expected to cut interest rates for the first time since the financial crisis. Oil prices rose for a fifth day on Wednesday, supported by a drop in U.S. inventories and investor expectations that the U.S. Federal Reserve will lower borrowing costs for the first time since the financial crisis more than a decade ago

   

GOLD

Gold showed sideways to bearish movement and found the major support level of 34350. Now if price sustains on lower level then it will test next support level of 34200. On other side 34700 will be major resistance level.

SILVER

Silver showed sideways to bearish movement and found the major support level of 40900. Now if price sustains on lower level then it will test next support level of 40600. On other side 41500 will be major resistance level.

CRUDE

Crude oil showed sideways to bullish movement and found the major resistance level of 4070. Now if price sustains on higher level then it will test next resistance level of 4160. On other side 3980 will be major support level.

COPPER

Copper showed sideways to bearish movement and found the major support level of 442. Now if price sustains on lower level then it will test next support level of 437. On other side 448 will be major resistance level.

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

Leave a Reply

Your email address will not be published. Required fields are marked *