Bullion: Day trend is indicating uptrend in Gold &Silver - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE:
* Gold hovers around $1,930, set for muted week ahead of PCE inflation
* Oil treads water ahead of OPEC+ panel meeting, PCE inflation data
* Oil prices edge up on strong U.S. economic data, Chinese demand hope
CHART OF THE DAY:
COPPER: COPPER is continuing its bullish momentum, and there are no signs of weakness where 788 is an immediate target level. On the downside, 780-781 intraday is the immediate support level. While below 779 lead further weakness toward 775-770. Traders are advised to stay with the momentum with the “buy on decline” approach
OUTLOOK:
* Bullion: Day trend is indicating uptrend in Gold &Silver.
* Energy: Day trend is indicating downtrend in Crude oil & Natural gas
* Base metals: Day trend is indicating uptrend in all base metals.
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