Base metals: Day trend is indicating sideways in all base metals. - Swastika Investmart Ltd
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil rebounds from 3-day rout, supply concerns offer some support
* Spot gold prices hit record high as Fed signals potential pause
* Oil prices extend losses after Fed interest rate rise
CHART OF THE DAY
SILVER:
SILVER is continuing its bullish momentum and there are no signal of weakness where 76000 is an immediate target level. On the downside 75000-74700 intraday and immediate support level. While above 76000 lead further strength toward 76300-76700 zone.
OUTLOOK:
* Bullion: Day trend is indicating to upside in Gold &Silver.
* Energy: Day trend is indicating downtrend in Crude oil & Natural gas
* Base metals: Day trend is indicating sideways in all base metals.
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