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Market Outlook
Gold prices edged lower on Tuesday, one day after rallying to its strongest level in five months as investors monitored continued tension on the Korean peninsula. Oil prices fell on Tuesday on news that U.S. shale oil output was expected to post the biggest monthly rise in more than two years; fuelling concerns that U.S. production growth is undermining OPEC-led efforts to rein in oversupply. Base metals prices started a holiday-shortened week mostly on the defensive, with LME premarket trading on Tuesday April 18 seeing lower levels – potentially supportive macroeconomic developments were shrugged off.

Fundamental News
The yellow metal settled higher for the fourth session in a row on Monday after hitting its strongest since early November at $1,297.40.Tension surrounding North Korea has mounted over the past week as U.S. President Donald Trump has taken a tough rhetorical line with Pyongyang, boosting demand.
Crude prices had notched three straight weeks of gains to recover from the slump in March, when prices fell to a five-month low of $47.01, on the back of concerns rising levels of U.S.

Gold showed sideways to bullish movement and found the important resistance level of 29499. Now if it will close above the important resistance level of 29500 then 29700 will act as next resistance level. On the other hand 29150 will act as a major support level.

Silver showed bearish movement and found the important support level of 41630. Now if it will close below the important support level of 41500 then 41000 will act as next support level. On the other hand 42800 will act as a major resistance level.

Crude showed sideways to bearish movement and found the important support level of 3368. Now if it will close below the important support level of 3350 then 3300 will act as next support level. On the other hand 3435 will act as a major resistance level.

Copper showed bearish movement and found the important support level of 359.30. Now if it will close below the important support level of 359 then 355 will act as next support level. On the other hand 370 will act as a major resistance level.

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