Day trend is indicating to sideways to upside in Gold & Silver - Swastika Investmart Ltd
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DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil extends losses on fears of rising rates, slowing economic growth
* Gold hovers below $2,000 as rate hike jitters increase
*Oil prices fall as strengthening dollar prompts weak demand concern
CHART OF THE DAY
CRUDEOIL:
CRUDEOIL is continuing its bearish momentum and there are no signal of recovery where 6450-6400 is an immediate target level. On the upside 6600-6650 intraday and immediate resistance levels. While above 6650 lead further strength toward 6700-6750.
OUTLOOK:
* Bullion: Day trend is indicating to sideways to upside in Gold &Silver.
*Energy: Day trend is indicating downtrend in Crude oil & sideways in Natural gas
*Base metals: Day trend is indicating sideways in all base metals.
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