Earn Big with MCX Trading Tips

Market Outlook

MCX Gold price continues to fluctuate at the key resistance 31350 and keeps its stability below it, thus, no change to the bearish trend scenario that depends on holding below this level, Oil price keeps fluctuating between the trend keys represented by 4350 support and the resistance line that rises now to 4530, MCX Copper price shows some slight bearish bias affected by stochastic negativity, the overall bullish trend scenario valid as long as the price is stable above 486.

Fundamental News

Precious metal prices took a dip on Tuesday amid expectations for a positive outcome from the summit between U.S. President Donald Trump and North Korean leader Kim Jong Un. Crude Oil markets would likely to be heavily driven by policy events and statements this week, Crude Oil prices climbed on Tuesday as traders look forward to the outcome of a summit between U.S. President Donald Trump and North Korean leader Kim Jong Un in Singapore.

GOLD

Gold showed sideways to bearish movement and found the major support level of 31075. Now if price sustains on lower level then it will test next support level of 31024. On other side 31208 will be major resistance level.

SILVER

Silver showed sideways to bearish movement and found the major support level of 40430. Now if price sustains on lower level then it will test next support level of 40225. On other side 40828 will be major resistance level.

CRUDE

Crude oil showed sideways to bullish movement and found the major resistance level of 4523. Now if price sustains on higher level then it will test next resistance level of 4577. On other side 4444 will be major support level.

COPPER

Copper showed sideways to bearish movement and found the major support level of 482.10. Now if price sustains on lower level then it will test next support level of 474. On other side 486.70 will be major resistance level.

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