Oil Sinks Further on China COVID Jitters, IMF Warning - Swastika Investmart
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Daily Commodity Market Updates
News in headlines:
* Oil Sinks Further on China COVID Jitters, IMF Warning
* Oil prices extend decline on recession fears, China COVID curbs
* Gold Pinned Below $1,700 As U.S. Inflation, Fed Minutes Loom
Chart of the day:
COPPER:
COPPER is consolidating in the range of 647-661 where move above 661 can lead some upside towards 666-672 while if it slips below 647 it may head towards 642-637 zone.
Technical View:
* Bullion: Day trend is indicating to sideways to downside in Gold & Silver.
* Energy: Day trend is indicating downside in Crude oil & sideways in Natural gas.
* Base metals: Day trend is indicating sideways to downside in all base metals.
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