Gold Shine Crude Slips | Today Commodity Market News and Levels Outlook Report 28 March 2018.

Bullion - Opens on mixed Note Gold -30720-30750 Silver -38670-38700

Energy - Opens on mixed Note Crude Oil - 4205-4210 Natural Gas -176.50-177

Base Metals - Opens on mixed Note Copper -430.50-431 Nickel -840-841 Lead -155-155.50 Zinc - 213.40-213.50 Aluminium -131-130.80

Commodity Market News

MCX Gold price backed away from fiveweek high on Tuesday. Overall, Price has been trading on bullish mode and moving between two consecutive trend line. On the other hand, Gold has tested 21 days DEMA on daily chart; which could be a immediate support level for the prices.

On a weekly chart, MCX Silver has formed “Symmetrical Triangle’’ formation; where price has been moving near the upper line of the formation and indicate breakout momentum in near term.

On the daily chart, MCX Copper has been falling down form last couple of the days; where it has given horizontal line breakdown and sustained below it. In addition, price has breached lower Bollinger band formation and traded near the levels.

MCX Aluminium has inclined below the rising trend line and sustained over there; which suggest bearishness in the counter.

Crude oil price traded higher on Tuesday; where it has moved above previous week high and sustained near the resistance levels.