SIVLER is witnessing the bounce back and manages to hold its 100 SMA - Swastika Investmart
COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil prices sink on weak Fed signals, OPEC uncertainty
* Oil prices fall as investors weigh Fed chair comments, rate hike
* China expected to account for 40% of this year's oil demand recover
CHART OF THE DAY
SILVER : SIVLER is witnessing the bounce back and manages to hold its 100 SMA; however, 780 is an immediate hurdle; above this, we can expect a short covering move towards critical resistance of 785-790 zone. While below 764 it may head towards 760-756.
OUTLOOK
* Bullion: Day trend is indicating to uptrend in Gold &Silver.
* Energy: Day trend is indicating uptrend in Crude oil & downtrend in Natural gas
* Base metals: Day trend is indicating sideways to upside in all base metals
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