Natural Gas has given a positive close above 210 on yesterday`s trading session - Swastika Investmart Ltd
COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Gold steadies below $2,000 as debt ceiling talks continue, Fed in focus
* Oil edges up on supply worries, G7 pledge to enforce Russian price caps
* Oil retreats amid uncertainty over debt ceiling talks
CHART OF THE DAY
NATURALGAS: NATURALGAS has given a positive close above 210 on yesterday’s trading session. Where 220 will be the first resistance area, while 225 is the next critical resistance level. On the downside, the 210 level is minor support; below this, we can expect 205–200 levels
OUTLOOK:
* Bullion: Day trend is indicating to downtrend in Gold &Silver.
* Energy: Day trend is indicating uptrend in Crude oil & Natural gas
* Base metals: Day trend is indicating downtrend in all base metals.
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