Live MCX Trading Tips and Upcoming News

a1

aa1

Market Outlook

Gold slipped from a two-month peak on Tuesday as investors took stock of U.S. President Donald Trump’s first policy moves and the dollar stabilised after plumbing seven-week lows this week. We expect in coming session it may trade to bullish. Crude oil are marking time in familiar territory, with traders seemingly uninspired to take firm directional bets amid a tug of war between supportive US Dollar weakness and skepticism about the lasting influence of OPEC’s supply cut deal. Weekly inventory flow data from API may get help break the deadlock in the coming hours. In next session it may trade to more bullish.

a2

Fundamental News

Gold prices eased as the dollar recovered from seven-week lows on Tuesday, sliding after the yellow metal hit two-month highs earlier in the session amid signs that US President Donald Trump would adopt a protectionist stance on trade.

Oil futures edged higher Tuesday, poised to settle at a more than two-week high as traders continued to weigh the outlook for global oil production.

a3 a4

Gold showed sideway to bearish movement and found the important resistance level of 28835. Now if it will sustain below the important support level of 28700 then 28500 will act as next support level. On the other hand 28900 will act as a major resistance level.

a5

Silver showed bullish movement and found the important resistance level of 41850. Now if it will sustain below 41500 then 41000 will act as next support level. On the other hand 42000 will act as a major resistance level.

a6

Crude showed bullish movement and found the important resistance level of 3660. Now if it will close above the important resistance level of 3670 then 3725 will act as next resistance level. On the other hand 3600 will act as a major support level.

a7

Copper showed bullish movement and found the important resistance level of 408. Now if it will close below the important support level of 405 then 400 will act as next support level. On the other hand 408 will act as a major resistance level.

a8

(Click to submit your details) Just one step to get best trading tips and Recommendation.

Leave a Reply

Your email address will not be published. Required fields are marked *