Base metals: Day trend is indicating sideways to upside in all base metals - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE:
* Oil edges lower as markets weigh China rate cuts, mixed Fed signals
* Oil prices tick up as markets look to key Chinese economic data
* Gold prices dip as Fed pauses but flags future hikes
CHART OF THE DAY
ZINC: Zinc is continuing its bullish momentum, and there are no signals of weakness where 225-227 is an immediate target level. On the downside, the 217 intraday and immediate support levels While below 217 leads to further weakness towards 215- 212 levels,
OUTLOOK:
* Bullion: Day trend is indicating to sideways to downside in Gold &Silver.
* Energy: Day trend is indicating sideways in Crude oil & sideways to upside in Natural gas
* Base metals: Day trend is indicating sideways to upside in all base metals.
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