Crude Oil Drops as US Inventory Builds,Gold Ready For another Bull run this week.

Commodity Latest News

Commodity Latest News- Crude Oil Drops because of USA inventory Strong Build & Oversupply concern.

Demand for Crude oil is FALLING is another reason for prices down.

U.S. crude inventories climbed 8.4 million barrels in the week to June 5, API data showed, while a Reuters poll of analysts had indicated a draw of 1.7 million barrels.

Official due for USA Inventory is later today.

Distillate Fuel stockpiles ,including Diesel fuel & heating oil is up by 4 million barrel.

WTI Crude oil Trading at 38.25$.

Brent Crude oil Trading at 40.57$.

Mcx Crude Oil Trading at 2889.

Commodity Latest News- Gold Trading at 1724$ is waiting for another Bull run this week .

Doller Continues to slide thats why Gold again aboe 1720$.

Gold not sustaining below 1680$,might test 1800$ soon.

Mcx Gold Trading at 46660.

Gold Rate Today

22 Carat Gold Rate Today is 43800 per 10 gm.

24 Carat Gold Rate Today is 47780 per 10 gm.

Today ‘s Trend For Crude oil & Gold.

Crude oil above 2963 bullish and may touch 3000/3100 today & Below 2813 its Bearish and may touch 2750/2650.

Mcx Gold above 47124 bullish and may touch 47300/47400 & below 46066 may touch 45900/45800.

For any Query or any Holding positions in Mcx Crude & Gold can Call or whatsapp to 08050795677.

One thought on “Crude Oil Drops as US Inventory Builds,Gold Ready For another Bull run this week.

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