Oil prices edge lower from 2023 highs, U.S. inflation awaited - Swastika Investmart
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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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