Mcx Commodity News Updates- Crude Oil falls Because of fear of USA Crude oil Inventories stocks build up & US China Tension.
The Black Liquid was Not sustained above 34$ in WTI CRUDE, fallen below 32$.
American petroleum institute estimating a build of 8.5 million per Barrel,which is month ending report in May.
Russian President Putin Called Saudi Crown Prince on Wednesday and Had Conversation Regarding Production cut for crude oil.
Next Month OPEC Meeting will commence in 2nd Week of June .
WTI Crude Oil Trading at 31.60$.
Brent Crude Oil Trading at 33.80$.
Mcx Crude Oil will open near 2450.
Mcx Commodity News Updates- Comex Gold Climbs and Trading at 1712$ per Ounce.
As we Told Earlier Gold is Bullish so Buy every deeps May touch 1800$ soon.
Usa China Tension is going, Gold Slowly Grips upside after Making Lows below 1690$.
The New Cold war Between USA & CHINA will make Lot of Demand for Gold in coming days.
Mcx Gold was Closed above 46400, which was very strong Bullish after some drops yesterday.
Gold Rate Today (28th May )
22 Carat Gold rate is 45860 per 10 Gm.
24 Carat Gold rate is 46860 per 10 Gm.
Today Trends For Crude Oil & Gold
Crude oil above 2604 bullish and may touch 2700/2750 today & Below 2420 its Bearish and may touch 2450/2380.
Mcx Gold above 47066 bullish and may touch 47550/48000 & below 45997 may touch 45300/45000.
For any Query or any Holding positions in Mcx Crude & Gold can Call or whatsapp to 08050795677.