Mcx Rate- Crude Oil Up Because Production Cut news Impact Meanwhile Corona Virus Cases are Again rising all over world,which could take low demand of crude oil supply.
Investors will be looking at whether OPEC+ will extend its pledged production cuts of 9.7 million bpd, currently due to expire at the end of July, into August with COVID-19 showing no signs of abating.
The cuts were first implemented in April and extended in June.
World Health Organization reporting a record 183,020 COVID-19 cases on Sunday put a check on the black liquid’s gains as fears over an oversupply continue to abound.
WTI Crude oil Trading at 39.80$.
Brent Crude oil Trading at 42.11$.
Mcx Crude oil May open at 3050.
Mcx Rate- Gold is Currently Trading at 1770 $ per Ounce,Gold Almost Broken very good Resistance above 1760$ and its well Trading above 1760$.
Gold Shines Because of Increase in Corona virus Cases rise in the world.
Indian Indices are also set to open Flat in this week Opening.
Dollar Index is Down Trading at 97.02.
Mcx Gold Opens at 48225.
Gold Rate Today.
22 Carat Gold Rate Today at 45380 per 10 gm.
24 Carat Gold Rate Today at 49500 per 10 gm.
Today ‘s Trend For Crude oil & Gold.
Crude oil above 3144 bullish and may touch 3190/3230 today & Below 2957 its Bearish and may touch 2900/2850.
Mcx Gold above 48394 bullish and may touch 48600/48800 & below 47481 may touch 47250/47050.
For any Query or any Holding positions in Mcx Crude & Gold can Call or whatsapp to 08050795677.