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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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