Accurate Investment Plan & Tips in Mcx Market

Market Outlook

MCX Gold price was quite volatile on Wednesday but bullish trend will remain active for upcoming session, if price maintains above 33200 and after that 33500 will act as a next immediate resistance level. MCX Crude oil showed slight positive movement and for upcoming trading session it may continue with bullish trend up to next important resistance level of 3850 and lower side it has initial support at 3700. MCX Copper price traded above 410 levels and showed strong bullish movement. For upcoming period we will keep upwards overview up to next resistance of 420 and after that this bullish momentum can find next resistance level at 425.

Fundamental News

Gold prices slipped on Wednesday as hopes of a resolution to the Sino-U.S. trade spat and a dovish European Central Bank lifted riskier assets, while investors awaited the U.S. Federal Reserve’s monetary policy decision later in the day. Oil prices were broadly steady on Wednesday as data suggesting a smaller-than-expected fall in U.S. crude inventories countered support from hopes for a U.S.-China trade deal.

GOLD

Gold showed sideways to bullish movement and found the major resistance level of 33150. Now if price sustains on higher level then it will test next resistance level of 33300. On other side 32950 will be major support level.

SILVER

Silver showed sideways to bullish movement and found the major resistance level of 37450. Now if price sustains on higher level then it will test next resistance level of 37850. On other side 37150 will be major support level.

 

CRUDE

Crude oil showed sideways to bullish movement and found the major resistance level of 3820. Now if price sustains on higher level then it will test next resistance level of 3900. On other side 3720 will be major support level.

COPPER

Copper showed sideways to bearish movement and found the major support level of 411. Now if price sustains on lower level then it will test next support level of 407. On other side 418 will be major resistance level.

 

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