Base metals: Day trend is indicating sideways in all base metals - Swastika Investmart Ltd
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DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* North Dakota governor signs strict abortion bill into law
* Gold rises on softer dollar, markets look beyond Fed rate hikes
* Oil creeps higher as dollar weakens, markets await central banks
CHART OF THE DAY
CRUDEOIL:
CRUDEOIL is respecting its 100 DAM beautifully however 6550 is an immediate and critical resistance zone, above this, we can expect a short covering rally towards the 6650-6700 zone. On the downside 6400 is an immediate support zone while 6350 is the next support zone.
OUTLOOK:
* Bullion: Day trend is indicating to sideways to upside in Gold &Silver.
* Energy: Day trend is indicating sideways in Crude oil & uptrend in Natural gas
* Base metals: Day trend is indicating sideways in all base metals.
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