Bullion: Day trend is indicating to sideways in Gold & Silver - Swastika Investmart Ltd
COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil rises further on prospect of improved demand, debt ceiling hopes
* Oil prices rise on outlook for higher gasoline demand, tighter supply
* Gold, copper prices struggle as debt ceiling negotiations continue
CHART OF THE DAY
ZINC: ZINC is continuing its bearish momentum and there are no signal of recovery where 218-215 is an immediate target level. On the upside 224-225 intraday and immediate resistance levels. While below 220 lead further weakness toward 219-217zone.
OUTLOOK:
* Bullion: Day trend is indicating to sideways in Gold &Silver.
* Energy: Day trend is indicating sideways in Crude oil & Natural gas
* Base metals: Day trend is indicating downtrend in all base metals.
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