Base metals: Day trend is indicating downtrend in all base metals - Swastika Investmart Ltd
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil nears 5-week low amid fears of rising rates, worsening growth
* Oil prices slide on uncertainty over global economic outlook, rate hikes
* Gold pinned below $2,000 as rate hike fears persist
CHART OF THE DAY
ZINC: ZINC is continuing its bearish momentum, and there are no signs of recovery where 237 is an immediate target level. On the upside, 244 intraday and immediate resistance levels exist. While levels above 245 lead further strength towards 247-249 levels.
OUTLOOK;
* Bullion: Day trend is indicating to sideways to upside in Gold &Silver.
* Energy: Day trend is indicating downtrend in Crude oil & uptrend in Natural gas
* Base metals: Day trend is indicating downtrend in all base metals.
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