MCX Tips for getting higher returns from share trading

Market Outlook

MCX Gold price settles below the intraday bullish channel, and the price falls under the negative pressure, these factors support the chances of resuming the bearish trend in the upcoming sessions. Oil price settles above 5260 barrier, and stochastic begins to get rid of the negative momentum now, waiting to get positive motive that assists to push the price to rise again, as the bullish trend scenario still active. MCX Copper price touched the support level at 454 in its last fluctuation, providing a new positive close, confirming its affection by the bullish bias domination.

 

Fundamental News

On Tuesday As bullion traders took in stride trade war tensions and a widely-anticipated Federal Reserve rate hike, which would typically be bearish for the yellow metal.

uesday oil prices rose to a two-month high after OPEC and its top-producing allies (the so-called OPEC+ grouping) opted against boosting output at a meeting over the weekend. API inventory flow data is now in focus.

GOLD

Gold showed sideways to bearish movement and found the major support level of 30730. Now if price sustains on lower level then it will test next support level of 30595. On other side 30847 will be major resistance level.

SILVER

Silver showed sideways to bullish movement and found the major resistance level of 38390. Now if price sustains on higher level then it will test next resistance level of 38683. On other side 37600 will be major support level.

CRUDE

Crude oil showed sideways to bearish movement and found the major support level of 5242. Now if price sustains on lower level then it will test next support level of 5180. On other side 5307 will be major resistance level.

 

COPPER

Copper showed sideways to bearish movement and found the major support level of 453.30. Now if price sustains on lower level then it will test next support level of 450.20. On other side 460.35 will be major resistance level.

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

Leave a Comment

Your email address will not be published.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