SILVER is facing resistance new to the 50 DMA and yesterday's close with a red note around 71100- Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil rises as dollar slides before CPI data, Brent nears $80
* Oil flat after bigger-than-expected build in U.S. crude stockpiles
* Gold prices rise as Fed fears ease ahead of CPI report
CHART OF THE DAY
SILVER: SILVER is facing resistance new to the 50 DMA and yesterday's close with a red note around 71100. Now upside, it has an important resistance around 71900. Downside, it has intraday immediate support around 70700. Below 70700, it may head towards 70300–70000.
OUTLOOK:
* Bullion: Day trend is indicating sideways to upside in Gold &Silver.
* Energy: Day trend is indicating sideways to upside in Crude oil & Natural gas
* Base metals: Day trend is indicating sideways to upside in all base metals.
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