Gold Mcx price achieved good strong gains yesterday because of CPI data effects, and gold settled above 30350 level and touched good support and there is the chances for continuing regain on intraday basis, waiting to breaching 30650 level for confirming uptrend. Crude oil breaching there strong support level 3970 yesterday with strong negativity to achieve our first waited target 3920, falling under negative pressure which open for us the way to reaches 3860, Copper Mcx price suddenly trade in a new momentum yesterday, the copper price stability above the main resistance at 454 level it shows for the continuation price in the positive momentum.
Gold prices rose on Wednesday, hitting a one-week high as dollar continued to weaken on mounting concerns over U.S. protectionism. The U.S. dollar index that tracks the greenback against a basket of six major currencies slumped 0.16% to 89.56, the lowest of this week.
Crude Oil prices were flat on Wednesday morning in Asia, having edged up slightly after two days of decline. Oil markets remain relatively weak. OPEC has been reducing output by around 1.2 million bpd since January 2017.
Gold prices open high today and made low of 30356 but recover on later half of the day. Now if price sustains on higher levels then it can test resistance level of 30512 and 30615. On other side 30314 will be major support level.
Silver prices open higher today and made a low of 38735 remain bearish for the day. Now if price sustains on lower levels then it can test support level of 38966 and 39143. On other side 38550 will be major resistance level.
Crude oil price opens higher shows hawkish movement but remain bearish for the end of day. Now if it sustains on lower level then it can test support levels are 3919 and 3858. On the other side resistance level is 3987.
Copper price open higher and consolidate but remain bearish at the end of the day. Now if it remains at higher level then it can test resistance levels are 456.50 and 458.60. On the other side support level is 450.45.
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