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Gold edged lower early on Monday as the dollar strengthened after hawkish comments from Federal Reserve Chair Janet Yellen left the door open for a US interest hike as early as next month.
MCX Support & Resistance Level
Gold June Future
R2–31642
R1 -31470
S1-30970
S2-30670
Silver July Future
R2 –45880
R1- 45112
S1-43412
S2-43014
Oil prices tumbled in Asia today on a strong dollar and after key OPEC producers downplayed the prospects of limiting output at a meeting next month.
Iranian oil minister Bijan Zanganeh on Friday said his country wanted its share of the crude market to return to levels seen before Western nuclear sanctions were imposed on it 13 years ago.
Crude Oil June Future
R2 –3270
R1-3200
S1-3100
S2-3050
Copper June Future
R2 –324
R1-319
S1-304
S2-299
Call: 7415033556
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