Free MCX Tips, Profitable News and Calls

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gold-silver-oil

Market Outlook

Gold and silver are trading sideways on MCX today as a mixed economic data of US and in coming session we can seen bearish movement in bullions. All Base metals also swung between gain and loss in tepid trading today on MCX and we expect base metals prices will trade bearish in coming session. Natural gas is trade in bullish side around 2% and crude oil also trade some bullish today and in coming session crude may be trade to more bullish.

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Fundamental News

Gold prices swung between gains and losses in tepid trading Thursday, as the market digested mixed economic data in the U.S. ahead of a holiday weekend.

Crude flipped to small gains at the start of traditional trading hours in the U.S., where traders are still feeling bullish about recent changes in

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Gold showed sideways movement and found the important support level of 26860. Now if it will sustain below the important support level of 26850 then 26600 will act as next support level. On the other hand 27300 will act as a major resistance level.

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Silver showed sideways movement and found the important support level of 38860. Now if it will sustain below the important support level of 3880 then 38500 will act as next support level. On the other hand 39500 will act as a major resistance level.

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Crude showed bullish movement and found the important resistance level of 3623. Now if it will close above the important resistance level of 3630 then 3700 will act as next resistance level. On the other hand 3550 will act as a major support level.

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Copper showed sideways movement and found the important support level of 370.25. Now if it will close below the important support level of 370 then 365 will act as next support level. On the other hand 380 will act as a major resistance level.

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