Bullion: Day trend is indicating to sideways to downside in Gold &Silver - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil prices dip after unexpected rise in US crude stocks
* Oil edges lower with Fed in focus; U.S. inventories rise
* Gold muted as Fed meeting looms, copper rallies on China rate cut
CHART OF THE DAY
Silver is continuing its bearish momentum, and there are no signals of recovery where 71700 is an immediate target level. On the upside, the 72800 intraday and immediate resistance levels While below 71700 leads to further weakness towards 71500– 71100 levels
OUTLOOK:
* Bullion: Day trend is indicating to sideways to downside in Gold &Silver.
* Energy: Day trend is indicating sideways in Crude oil & sideways to upside in Natural gas
* Base metals: Day trend is indicating sideways to upside in all base metals
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