Commodity Market News in Hindi- Crude Oil up as OPEC extended the production cuts in JULY on Saturday.
OPEC cuts the Oil Production By 9.6 Million Barrels next Month.
WTI Crude & Brent Crude opened Gap up in the early trade.
Chinese custom data on sunday indicates thats countries Crude oil imports soared by 11 million Barrels per day.
The reopening of two major oilfields in Libya, after a months-long blockade, could present a new headache for OPEC as the organization struggles to prevent a supply glut.
WTI Crude oil Trading at 39.90$.
Brent Crude Trading at 42.88$.
Mcx Crude oil may open near 3020.
Commodity Market News in Hindi- Gold futures Trading at 1690$ per Ounce.
The USA Non Payrolls Data on Friday was Negative for GOLD.
ON Friday Gold Plunges below 1680$ but not sustained and very strong for upside above 1700$.
Gold might not get much more support from the Fed, but geopolitical risks, second wave concerns, and an eventually weaker US dollar should keep the longer-term bullish outlook intact.
Gold Rate Today
22 Carat Gold Rate Today 43270 per 10 gm.
24 Carat Gold Rate Today 47240 per 10 gm.
Today ‘s Trend For Crude oil & Gold
Crude oil above 3100 bullish and may touch 3180/3300 today & Below 2879 its Bearish and may touch 2750/2650.
Mcx Gold above 46931 bullish and may touch 47100/47300 & below 46251 may touch 46100/45900.
For any Query or any Holding positions in Mcx Crude & Gold can Call or whatsapp to 08050795677.