Recover Your Losses With Live Mcx Trading Tips

Market Outlook

MCX Gold price jumped on Thursday and took recovery from lower levels after sharp downfall and In next trading session it may again test its major resistance level of 33500 and lower side it has immediate support of 33200. MCX Crude oil slips from higher levels and took sharp correction. On lower side it has strong support of 3980 and if price breaches this level in next trading session then we will continue to suggest downward trend towards next support of 3900. MCX Copper was quite volatile due to expiry. In next session if price maintains above 470 then bullish trend remain active up to next resistance level of 475 and 460 will act as a major support level.

Fundamental News

Prices of Precious metals on Thursday held near two-week lows touched in the previous session, as the dollar recouped losses after cautious comments from U.S. Trade Representative Robert Lighthizer dented investors’ hopes for a closure to the tariff war with China. Crude Oil prices fell amid weakening factory output in China and Japan and record U.S. crude output, although markets remained relatively well supported by supply cuts led by producer club OPEC.

GOLD

Gold showed sideways to bearish movement and found the major support level of 32950. Now if price sustains on lower level then it will test next support level of 32800. On other side 33385 will be major resistance level.

SILVER

Silver showed sideways to bearish movement and found the major support level of 39248. Now if price sustains on lower level then it will test next support level of 39000. On other side 39897 will be major resistance level.

CRUDE

Crude oil showed sideways to bearish movement and found the major support level of 4012. Now if price sustains on lower level then it will test next support level of 3900. On other side 4082 will be major resistance level.

COPPER

Copper showed sideways to bearish movement and found the major support level of 464. Now if price sustains on lower level then it will test next support level of 460. On other side 470 will be major resistance level.

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