Base metals: Day trend is indicating uptrend in all base metals - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE:
* Oil prices slip on global recession gloom
* Gold treads water above $1,900, more economic cues awaited
* Exclusive-Indian, European oil firms evaluating bids for Guyana blocks
CHART OF THE DAY:
NATURALGAS: NATURALGAS has consolidating in narrow range in recent days next move can be seen after the range breakout , however 290 is an immediate support level. On the upside 303 is intraday and immediate resistance level. While below 290 lead further weakness towards 280-285.
OUTLOOK:
* Bullion: Day trend is indicating sideways to upside in Gold &Silver.
* Energy: Day trend is indicating uptrend in Crude oil & downtrend in Natural gas
* Base metals: Day trend is indicating uptrend in all base metals.
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