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COMMODITY OUTLOOK

DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE

* Oil prices edge lower from 2023 highs, U.S. inflation awaited

* Gold at 1-mth low, copper steadies ahead of U.S. CPI

* Oil prices fall as China woes offset boost from high US fuel demand

CHART OF THE DAY

NATURALGAS: NATURALGAS is continuing its bullish momentum, and there are no signals of weakness above 235 levels, where 260-265 is an immediate target level. On the downside, 235 is the intraday and immediate support level. While above 251 leads to some further strength for towards the 258-265 zone.

OUTLOOK:

* Bullion: Day trend is indicating sideways to downside in Gold &Silver.

* Energy: Day trend is indicating uptrend in Crude oil & Natural gas

* Base metals: Day trend is indicating sideways to downside in all base metals.

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