CRUDEOIL witnessed a selling pressure after a decent bounce back from lower levels - Swastika Investmart
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DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Asia shares pin hopes on China opening, oil rallies
* G7 price cap on Russian oil kicks in, Russia will only sell at market price
* Gold sticks to $1,800, copper boosted by China COVID reopening
CHART OF THE DAY
CRUDE OIL: Crude Oil witnessed a selling pressure after a decent bounce back from lower levels , however 6500 is an immediate support level. On the upside 6600 is immediate resistance level. While above 6600 lead further strength towards 6650-6750 zone
OUTLOOK:
* Bullion: Day trend is indicating to Sideways in Gold &Silver.
* Energy: Day trend is indicating Sideways in Crude oil & Natural gas
* Base metals: Day trend is indicating Uptrend in all base metals.
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