ALUMINIUM is continuing its bullish momentum above 197 -Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* UN scrambles to save Black Sea grain deal, with EU help, ahead of Monday deadline
* Oil prices hit 10-week high on tighter supply, soft U.S. inflation
* Oil prices up on tighter supply, lower US inflation
CHART OF THE DAY
ALUMINIUM: ALUMINIUM is continuing its bullish momentum above 197; it successfully closed above these resistance levels due to continue weakness in the dollar index in the global market and US bond yield. Technically, 205 is the first and immediate target level; on the downside, 195 are important support levels.
OUTLOOK:
* Bullion: Day trend is indicating uptrend in Gold &Silver.
* Energy: Day trend is indicating uptrend in Crude oil & Natural gas
* Base metals: Day trend is indicating uptrend in all base metals
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