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Weekly Update: Gold and Crude Oil Trading Strategies

Get the latest update on Gold and Crude Oil markets along with technical levels, charts, and researcher views. Trade with confidence using our expert strategies. Disclaimer: Information provided is reliable but not guaranteed.

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Weekly Update: Gold and Crude Oil Trading Strategies

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  1. WEEKLY MCX SPECIAL REPORT 13/07/2019

  2. CONTENT • WEEKLY LATEST UPDATE • WEEKLY MARKET WRAPUP • TECHNICAL LEVEL • TECHNICAL CHARTS & RESEARCHER VIEWS • DISCLAIMER

  3. WEEKLY LATEST UPDATE Gold traded sideways on Friday taking supported by weak dollar index and China trade data reported weaker than expected which indicated that China still struggling to boost its economy which is supporting the price of Gold. Crude Oil traded higher close to its weekly higher as U.S. oil producers in the Gulf of Mexico cut more than half their output because of a tropical storm and as tensions continued to simmer in the Middle East.

  4. WEEKLY MARKET WRAPUP

  5. GOLDCHART RESEARCHER VIEW

  6. GOLD TRADING STRATEGY • Support is at 34650 and resistance is at 34900. Break and sustain above 34900 will take it to 35080—35150 or else it could touch its support again. Fresh selling will do only close and sustain below 34650. Trade with the levels only.

  7. CRUDEOILCHART & RESEARCHER VIEW

  8. CRUDEOILTRADING STRATEGY • Support at 4120 and Resistance at 4180. Break and sustain above 4180 will take it to 4230---4280 marks or else it could touch its support level of 4120 again. Fresh selling can be done on a close above 4120 marks. Trade with levels only

  9. COPPER CHART RESEARCHER VIEW

  10. COPPER TRADING STRATEGY • Support at 439 and Resistance at 445. Break and sustain above 445 will take it to 448—450 marks else it could touch its support level of 439 again. Fresh selling will do on a close and sustain below 439

  11. DISCLAIMER • The information contained here was gathered from sources deemed reliable however; no claim is made as to accuracy or content. This does not contain specific recommendations to buy or sell at particular prices or time, nor should any examples presented be deemed as such. There is a risk of loss in commodity trading and you should carefully consider your financial position before making a trade. This is not, nor is it intended, to be a complete study of chart patterns or technical analysis and should not be deemed as such. Alpha Investment does not guarantee that such information is accurate or complete and it should not be relied upon as such. Any opinions expressed reflect judgments at this date and are subject to change without notice. For use at the sole discretion of the investor without any liability on Alpha Investment .

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