Bullion: Day trend is indicating to sideways to downside in Gold &Silver - Swastika Investmart Ltd
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DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil rises on tentative U.S. debt deal; China, Fed in focus
* Oil climbs after US leaders strike provisional debt deal
* Oil in 2nd weekly gain amid inflation bruise, ‘misquote’ on Russia
CHART OF THE DAY
GOLD: GOLD yesterday again witnessed selling pressure from resistance of 5900-5700 levels. On the upside, it has an immediate resistance of 59700, and on the downside, below 5900, it may head towards 5850–5800 levels. Traders are advised to stay with the momentum with the "sell on the rise" approach
OUTLOOK:
* Bullion: Day trend is indicating to sideways to downside in Gold &Silver.
* Energy: Day trend is indicating sideways in Crude oil & Natural gas
* Base metals: Day trend is indicating downtrend in all base metals
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