Mcx Bhav- Crude oil in Green today Because Demand increased and on Hopes on Output cut will be Implemented.
Week will be finished in Green it seems today as its friday last day of week.
Oil prices continue to be boosted by the outcome of Thursday’s OPEC-chaired panel to monitor compliance to OPEC+ members’ pledged cuts in April. Iraq and Kazakhstan, two of the countries who struggled to meet their target cuts, announced plans to compensate for their overproduction in May.
Prices is Currently Trading in Range 35-40$, if closes above 40$ then prices may touch 45/50$ in coming session.
WTI Crude oil Trading at 39.20$.
Brent Crude oil Trading at 41.85$.
Mcx Crude oil May open at 2992.
Mcx Bhav-Gold Trading at 1735$ per Ounce.
Gold Flat & Trading in Range Bond because of Corona Virus Impact and dollar Firm.
All three major U.S. stock indexes were range-bound and oscillated through much of the day as investors struggled to interpret the impact of U.S. employment data without any guidance from corporations on their earnings.
Mcx Gold closed above 47330.
Gold Rate Today.
22 Carat Gold Rate Today at 44870 per 10 gm.
24 Carat Gold Rate Today at 48940 per 10 gm.
Today ‘s Trend For Crude oil & Gold.
Crude oil above 3031 bullish and may touch 3090/3130 today & Below 2881 its Bearish and may touch 2770/2700.
Mcx Gold above 47729 bullish and may touch 48000/48100 & below 46981 may touch 46750/46650.
For any Query or any Holding positions in Mcx Crude & Gold can Call or whatsapp to 08050795677.