Base metals: Day trend is indicating Uptrend in all base metals - Swastika Investmart
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DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil hovers near 2-week high as markets bet on slowing U.S. CPIs
* Gold hovers below $1,880 as U.S. CPI reading looms, copper upbeat
* Goldman Sees $110 Oil by Third Quarter on Full China Reopening
CHART OF THE DAY
CRUDEOIL:CRUDEOIL showing strength from lower levels due china reopening ,however 6380 is an immediate resistance level and 6300 is immediate support level . While above 6380 lead further strength towards 6420-6440 zone.
OUTLOOK:
* Bullion: Day trend is indicating to Uptrend in Gold &Silver.
* Energy: Day trend is indicating Sideways in Crude oil & Natural gas
* Base metals: Day trend is indicating Uptrend in all base metals.
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