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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