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COMMODITY OUTLOOK

DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE

* Oil prices dip, but eye positive week on Chinese demand bets

* Natural gas rebound snaps on 5th day as stock draw unimpressive

* Oil up, treading water as Europe's drone over rate hikes drowns China story

CHART OF THE DAY

CRUDEOIL: In the daily chart, CRUDEOIL closed in the green after a flat opening, but 6460 is an immediate resistance level and 6380 is an immediate support level. While above 6460, further strength will lead towards the 6500-6520 zone

OUTLOOK

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

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

* Base metals: Day trend is indicating Sideways in all base metals.

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