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COMMODITY OUTLOOK

DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE

* Oil prices dip as U.S. holds off on restocking strategic reserve

* Gold pinned near $2,000, overtakes dollar as premier safe haven

* Oil snaps 3-day rally as bulls dismayed OPEC+ may ‘stay’

CHART OF THE DAY

SILVER: SILVER has shown strength in recent days; more upside may be seen in the coming days; however, 70400 is an immediate resistance level, and 70000 is an immediate support level. Further strength above 70400 will lead to the 70600-70800 zone. 

OUTLOOK

* Bullion: Day trend is indicating to Uptrend 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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