Oil prices slip after U.S. interest rate Hike on Fears For demand - Swastika Investmart
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Daily Commodity Market Updates
News in headlines:
* Oil Slips Below $90 as Rising Interest Rates Dim Demand Prospects
* Oil prices slip after U.S. interest rate hike on fears for demand
* Gold Loses Steam, Copper Sinks Further as Hawkish Fed Boosts Dollar
COPPPER: COPPER is consolidating in the range of 643-654 where move above 654 can lead some upside towards 658-662 while if it slips below 643 it may head towards 635-630 zone.
Technical View:
* Bullion: Day trend is indicating to sideways to downtrend in Gold & Silver.
* Energy: Day trend is indicating sideways to downtrend in Crude oil & Natural gas.
* Base metals: Day trend is indicating sideways to downside in all base metals.
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