Energy: Day trend is indicating Downtrend in Crude oil & Natural Gas - Swastika Investmart
COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil prices set for dismal week as recession fears mount
* Gold nurses steep losses as dollar rebounds ahead of nonfarm payrolls
* U.S. natural gas storage saw higher-than-forecast 151 bcf draw last week – EIA
CHART OF THE DAY
GOLD:
GOLD witnessed a sharp selling pressure from higher levels ,however 57500 is an immediate support level and 58000 is immediate resistance level . While above 58000 lead further strength towards 58200-58500 zone.
OUTLOOK:
* Bullion: Day trend is indicating to 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.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.swastika.co.in/disclaimer
SEBI Reg. No. : NSE/BSE/MSEI: INZ000192732
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Tag News
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
More News
Buy Nickel Above 1341 Sl Below 1333 TGT 1354/1360 - Axis Securities Ltd