Best Website for Commodity News- Crude Oil Falls as Covid 19 2nd wave Impact all over world.
Crude Oil Output again Increasing in this week, that makes Crude prices in pressure.
Both the American Petroleum Institute and the U.S. Energy Information Administration predicted surprise builds in crude oil supply earlier in the week, renewing concerns of a supply glut, despite a recent OPEC+ pledge to continue production cuts into July.
Oil Prices where gone upside due to More demand due to economy re opens majority countries and output cut.
Friday always a Big day and big move so expected more down today .
WTI Crude oil Trading at 35.20 $.
Brent Crude Oil Trading at 37.50$.
Mcx Crude Oil Trading will open near 2700.
Best Website for Commodity News- Gold Currently Trading at 1732$ per Ounce.
Gold after Making highs above 1750$ again came down .
Asian equities are set to fall sharply on Friday after Wall Street stocks and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of reopening economies.
Doller making new highs against Rupee its Trading at 76 above.
Gold futures settled more than 1% higher and the dollar, yen and Swiss franc all benefited from safe-haven flows.
Mcx Gold Down opens at 47080.
Gold Rate Today
22 Carat Gold Rate today is 44660 per 10 gm.
24 Carat Gold Rate today is 48760 per 10 gm.
Today ‘s Trend For Crude oil & Gold.
Crude oil above 2935 bullish and may touch 3000/3100 today & Below 2629 its Bearish and may touch 2570/2500.
Mcx Gold above 48095 bullish and may touch 48200/48400 & below 46724 may touch 46620/46450.
For any Query or any Holding positions in Mcx Crude & Gold can Call or whatsapp to 08050795677.