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05-10-2023 09:13 AM | Source: Swastika Investmart Ltd
Base metals: Day trend is indicating sideways to upside in all base metals - Swastika Investmart Ltd
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COMMODITY OUTLOOK

DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE

* Oil prices edge lower after surprise build in U.S. crude, gasoline stockpiles

* Oil edges lower on potential U.S. inventory build, CPI in focus

* Gold advances as economic uncertainty mounts before CPI data

CHART OF THE DAY

 

CRUDEOIL:

CRUDEIL is continuing its bullish momentum and there are no signal of weakness where 6100-6150 is an immediate target level. On the downside 5900 intraday and immediate support level. While below 5950 lead further weakness toward 5900-5850 levels.

OUTLOOK:

* Bullion: Day trend is indicating to upside in Gold &Silver.

* Energy: Day trend is indicating uptrend in Crude oil & sideways in Natural gas

* Base metals: Day trend is indicating sideways to upside in all base metals.

 

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