Latest Mcx Market Report to Get Immense Profit

 

Market Outlook

MCX Gold was quite volatile on Wednesday but we will keep upward scenario for upcoming trading session, if price maintains above 38200 and lower side it has important support level at 37500. MCX Crude oil showed slight positive movement. For upcoming session, we expect more positive trades, if price breaches 4150 levels and above this level 4200 will be next intraday resistance. MCX Copper showed sideways movement and if price comes upside in upcoming session then again bullish wave will continue up to next resistance level of 455 and lower side, if it takes correction then it can find next support level of 440.

Fundamental News

Gold prices eased on Wednesday to hover around the $1,500 level as investors turned cautious ahead of minutes from the U.S. Federal Reserve’s last meeting, which is expected to shed more light on interest rate cuts. Brent crude oil futures rose above $60 a barrel on Wednesday after industry data showed a larger-than-expected drop in U.S. crude inventories, but lingering worries about a possible global recession capped gains.

GOLD

Gold showed sideways to bullish movement and found the major resistance level of 38050. Now if price sustains on higher level then it will test next resistance level of 38200. On other side 37800 will be major support level.

SILVER

Silver showed sideways to bullish movement and found the major resistance level of 43900. Now if price sustains on higher level then it will test next resistance level of 44200. On other side 43500 will be major support level.

CRUDE

Crude oil showed sideways to bullish movement and found the major resistance level of 4100. Now if price sustains on higher level then it will test next resistance level of 4185. On other side 3970 will be major support level.

COPPER

Copper showed sideways to bullish movement and found the major resistance level of 449. Now if price sustains on higher level then it will test next resistance level of 454. On other side 444 will be major support level.

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