Base metals: Day trend is indicating sideways to downside in all base metals. - Swastika Investmart Ltd
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil falls as economic concerns offset prospect of tighter supplies
* Oil falls further ahead of economic data deluge, Fed cues
* Gold pressured by stronger dollar before Fed-heavy week
CHART OF THE DAY
NATURALGAS:
NATURALGAS it showing and outperforming for the last two trading sessions where 200 is an immediate resistance zone above this, we can expect a short covering rally towards 205-215 zone. On the downside 185 immediate level while 180 will be the next important support level.
OUTLOOK:
* Bullion: Day trend is indicating to downtrend in Gold &Silver.
* Energy: Day trend is indicating downtrend in Crude oil & uptrend in Natural gas
* Base metals: Day trend is indicating sideways to downside in all base metals.
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