Online Mcx Trading Tips For Investors

Market Outlook

MCX Gold price showed sideways to bullish movement. for upcoming trading session we will continue to suggesting more bullish momentum, if price manages above 35100 and if price takes correction from higher to lower side then it can test correctional level of 34700. MCX Crude oil was range bounded on Tuesday. For upcoming period we expect some correction from higher to lower side, if price sustains below 4050 levels and after that this bearish momentum can take price towards next immediate support of 4000 as well as bearish trend will remain active. MCX Copper price trades above 445 levels and if price breaks 450 then bullish trends will active up to next resistance of 455.

Fundamental News

Gold prices held steady on Tuesday as investor’s awaited U.S. retail sales data that could serve as an indicator of the strength of the world’s largest economy amid lingering concerns over global economic slowdown.

Oil prices steadied on Tuesday as a resumption of output in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply due to shale oil countered tensions in the Middle East.

GOLD

Gold showed sideways to bullish movement and found the major resistance level of 34950. Now if price sustains on higher level then it will test next resistance level of 35150. On other side 34700 will be major support level.

SILVER

Silver showed sideways to bullish movement and found the major resistance level of 39500. Now if price sustains on higher level then it will test next resistance level of 39800. On other side 38500 will be major support level.

CRUDE

Crude oil showed sideways to bearish movement and found the major support level of 3930. Now if price sustains on lower level then it will test next support level of 3850. On other side 4150 will be major resistance level.

COPPER

Copper showed sideways to bearish movement and found the major support level of 443. Now if price sustains on lower level then it will test next support level of 438. On other side 450 will be major resistance level.

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