Gold is continuing its bullish momentum, and there are no signals of weakness where 60200 - 60300 is an immediate target level. - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil moves little amid mixed demand signals, stronger dollar
* Oil prices open lower on dollar strength, profit-taking
* Russia warns ships in Black Sea, Ukraine to create temporary grains export rout
CHART OF THE DAY
GOLD: Gold is continuing its bullish momentum, and there are no signals of weakness where 60200–60300 is an immediate target level. On the downside, the 59500 intraday and immediate support level While below 59500 leads to further weakness towards 59300-59200,
OUTLOOK:
* Bullion: Day trend is indicating uptrend in Gold &Silver.
* Energy: Day trend is indicating uptrend in Crude oil & Natural gas
* Base metals: Day trend is indicating uptrend in all base metals.
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