Energy: Day trend is indicating uptrend in Crude oil & downtrend in Natural gas - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE:
* Oil prices dip as markets gauge U.S. inventory build, recession fears
* Gold muted amid recession uncertainty, China optimism buoys copper
* Exclusive-U.S. energy head warns Republicans oil bill would lift pump prices
CHART OF THE DAY:
COPPER: COPPER is continuing its bullish momentum and there are no signal of weakness where 780 is an immediate target level. On the downside 768 is intraday and immediate support level. While below 765 lead further weakness towards 760-757.
OUTLOOK:
* Bullion: Day trend is indicating sideways to upside in Gold &Silver.
* Energy: Day trend is indicating uptrend in Crude oil & downtrend in Natural gas
* Base metals: Day trend is indicating uptrend in all base metals.
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