Mcx Call Provider- Crude oil Down because of low demand all over world as Covid cases rises.
Global coronavirus cases exceeded 10 million on Sunday as India and Brazil battled outbreaks of over 10,000 cases daily. New outbreaks are reported in countries including China, New Zealand and Australia, prompting governments to impose restrictions again.
Despite efforts by the Organization of the Petroleum Exporting Countries and their allies including Russia to reduce supplies, crude inventories in the United States, the world’s largest oil producer and consumer, have hit all-time highs.
This week also USA Producions seems to be gains which will pressure prices down.
WTI Crude oil Trading at 37.85$.
Brent Crude oil Trading at 40.35$.
Mcx Crude oil will open near 2860.
Mcx Call Provider- Gold Trading Closer to 1800$ as COVID Cases surpass 10 million.
Gold Currently Trading at 1782$ per Ounce and its in Green today.
Bullion rose as deaths surpassed 500,000 worldwide and confirmed cases exceeded 10 million, according to Johns Hopkins University data.
The increasing numbers are a chilling reminder that the deadliest pandemic of the modern era is stronger than ever.
As demand for haven assets surged amid concerns over rising coronavirus infections.
Mcx Gold will open near 48500.
Gold Rate Today –
22 Carat Gold Rate Today is 45730 per 10 gm.
24 Carat Gold Rate Today is 49880 per 10 gm.
Today ‘s Trend For Crude oil & Gold.
Crude oil above 2975 bullish and may touch 3020/3080 today & Below 2837 its Bearish and may touch 2780/2700.
Mcx Gold above 48760 bullish and may touch 48900/49100 & below 47850 may touch 47720/47550.
For any Query or any Holding positions in Mcx Crude & Gold can Call or whatsapp to 08050795677.