Crude Oil above 37$ because of Production cut & OPEC Meeting ahead.
OPEC+ Going ahead to extend the production cut for a Month ,prices may go above 40$ in recent trading sessions.
Prices Made High since March 6,after making Record lows Crude prices are strong bullish Phase.
Still its not Cleared for Saudi Arabia that it will Extend the production cut or no.COMMODITY NEWS METALS.
The American Petroleum institute will release report this week and its Fourth straight week decline.
WTI Crude oil Trading at 37.60$.
Brent Crude Trading at 40$.
Mcx Crude Oil Trading at 2830.
Gold Falls below 1740$ per Ounce & Currently Trading at 1731$
Silver also falls from 18$ to 17.50$ after making good highs.
COMMODITY NEWS METALS gold is totally in Range bond 1680-1760$.
The Gold Trend is Not Cleared till now, its moving due to various Geopolitical news.
Mcx Gold june Month contract will be expiring.Gold August Contract is Trading at 46435.
Gold Rate Today
22 Carat Gold Rate is 44200 per 10 gm.
24 Carat Gold Rate is 48220 per 10 gm.
Today ‘s Trend For Crude oil & Gold
Crude oil above 2802 bullish and may touch 2900/2950 today & Below 2690 its Bearish and may touch 2550/2500.
Mcx Gold above 47750 bullish and may touch 47900/48200 & below 46280 may touch 4600/45800.
For any Query or any Holding positions in Mcx Crude & Gold can Call or whatsapp to 08050795677.