Bullion: Day trend is indicating to downtrend in Gold &Silver - Swastika Investmart
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* Oil climbs on concerns Russia political issues may impact supply
* China refiners stoke petrochemical glut in market share war as demand flags
* As Canada's wildfires intensify, recruiting firefighters is tougher
CHART OF THE DAY
GOLD: GOLD is continuing its bearish momentum below the 100 SMA, where 58000 is the intraday immediate target level. On the upside, 58650 is an immediate resistance level, while below 58000 we will see further weakness in the upcoming sessions, and it may head towards 57300–57200 levels; otherwise, above 58650 don’t hold any short upside; it will test 59200– 60000 levels again.
OUTLOOK:
* Bullion: Day trend is indicating to downtrend in Gold &Silver.
* Energy: Day trend is indicating sideways in Crude oil & Natural gas
* Base metals: Day trend is indicating sideways to downside in all base metals.
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