Assured Benefits With Mcx Trading Tips

Market Outlook

MCX Gold price shows calm positive trades to gradually approach our waited target at 31600, to keep the bullish trend scenario valid until now, that breaching the mentioned level will lead the price to visit 31900 level as a next station, Oil price managed to close the last daily candlestick below 3220, which supports the continuation of our bearish overview efficiently in the upcoming period, waiting for more decline that its next main target located at 3000. MCX Copper price gathered new negative momentum recently to reinforce the domination of the main bearish bias by providing new pressure on 410 level, trading range for today is between 413 and 408.

Fundamental News

Prices of precious metals year-end rally is pushing into 2019. Bullion advanced for a fifth straight day as equities posted fresh losses after the worst year since the financial crisis, with investors weighing more signs of slower growth across Asia and the U.S. government shutdown dragging on. On Wednesday in Asia Crude Oil prices fell amid surging U.S. output and weak China data.

GOLD

Gold showed sideways to bullish movement and found the major resistance level of 31704. Now if price sustains on higher level then it will test next resistance level of 31850. On other side 31369 will be major support level.

SILVER

Silver showed sideways to bullish movement and found the major resistance level of 39215. Now if price sustains on higher level then it will test next resistance level of 39500. On other side 38600 will be major support level.

CRUDE

Crude oil showed sideways to bullish movement and found the major resistance level of 3360. Now if price sustains on higher level then it will test next resistance level of 3430. On other side 3114 will be major support level.

COPPER

Copper showed sideways to bearish movement and found the major support level of 404.70. Now if price sustains on lower level then it will test next support level of 400. On other side 412.60 will be major resistance level.

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