Base metals: Day trend is indicating sideways in all base metals - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Gold firms above $2,000 as Fed anxiety, bank rout boost safe havens
* Oil extends losses as investors brace for more rate hikes
* Oil steadies before the Fed, U.S. inventory draw offers little cheer
CHART OF THE DAY
CRUDEOIL: CRUDEOIL is continuing its bearish momentum and there are no signal of recovery where 5800 is an immediate target level. On the upside 6000-6050 intraday and immediate resistance level. While below5800 lead further weakness toward 5750-5700 zone.
OUTLOOK:
* Bullion: Day trend is indicating to sideways to upside in Gold &Silver.
* Energy: Day trend is indicating downtrend in Crude oil & sideways in Natural gas
* Base metals: Day trend is indicating sideways in all base metals.
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