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Mcx support and resistance update for
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news

  • Coronavirus update: State of Victoria imposes six-week lockdown for Melbourne city

    At a press conference held on Tuesday, Australia’s Victoria state Premier Daniel Andrews announced a six-week lockdown for Melbourne city, as the coronavirus outbreak appears uncontrollable. Additional details “It’s why based on the advice of the Chief Health Officer and across metropolitan Melbourne and Mitchell Shire, Stage 3 “Stay at Home” restrictions will be reinstated

    July 7, 2020
  • WTI: 2020 average price forecast upped to USD38/ barrel – Citibank

    The Citibank analysts have raised their 2020 price forecasts for both crude benchmarks, Brent and WTI, in its latest commodity research report. Key quotes “Continue to see an oil price recovery. For Q3 2020, Brent and WTI price forecasts raised to USD39/ barrel (bbl) and USD37/bbl respectively.  For Q4 2020: USD48/bbl and USD45/bbl respectively.  Brent

    July 7, 2020
  • Gold Price Analysis: Bullish bias intact while above critical $1777 support – Confluence Detector

    Gold consolidated the recent bullish momentum and remained within a striking distance of the seven-year highs of $1789.28 reached last week. The bulls seemed undeterred by the risk-on rally in the global stocks amid underlying COVID concerns.  A test of $1800 mark on the cards? The Technical Confluences Indicator shows that the yellow metal is ranging just

    July 7, 2020
  • Gold: In midst of a multi-year bull cycle – Citibank

    According to the analysts at Citibank, gold prices are likely to consolidate in the near-term before resuming its advance once again. Key quotes “Gold prices are likely to be non-linear. Prices may consolidate around the US$1,600/oz area in 3Q, before advancing again. Forecasts are for 2020 prices to average between USD1,625 – USD1,775/oz,  2021’s prices

    July 7, 2020
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