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ALUMINIUM is continuing its bearish momentum below the 100 SMA, where 186-185 is the intraday immediate target level - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE :
* Oil nudges higher as supply worries offset concerns about demand
* Natural gas hits March highs, nearing $3 mark
* Gold firms as dollar slips; Yellow metal’s bulls brace for inflation data
CHART OF THE DAY
ALUMINIUM: ALUMINIUM is continuing its bearish momentum below the 100 SMA, where 186-185 is the intraday immediate target level. On the upside, 196 is an immediate resistance level, while below 186 we will see further weakness in the upcoming sessions, and it may head towards 183-180 levels; otherwise, above 196 don’t hold any short upside; it will test 200- 205 levels again.
OUTLOOK:
* Bullion: Day trend is indicating to downtrend in Gold &Silver.
* Energy: Day trend is indicating sideways in Crude oil & Natural gas
* Base metals: Day trend is indicating sideways to downside in all base metals.
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