MCX Crude Oil: MCX Crude oil future price is trading in a thin line a head of Crude Oil Inventory on Wednesday. Crude opened at 3742 against previous close of 3745 level. In the charts it seems like for the day in hourly charts there’s strong support seen around 3704 levels and resistance levels seen around 3773. Looking at MACD & RSI indicators it seems like Crude price should bounce back from these levels.
MCX Gold: MCX Gold future price opened at 38451 0.17% higher against yesterday’s closing 38383. It made a high of 38574 and low of 38432 currently it is trading at 38493 level. In the charts it seems like Gold should trade in positive zone as MACD & ADX is showing some strength in hourly chart. Gold’s strong resistance seen around 38690 levels and support seen around 38234 levels.