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COMMODITY OUTLOOK

DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE

* Mexico unveils tax break plan for southern business corridor

* Oil edges lower as OPEC-driven rally fizzles out

* Gold regains some ground as dollar dips on weak U.S. data

CHART OF THE DAY

Gold is consolidating in the wide range of 59300–60300, where a move above 60300 can lead some upside towards 60700–60900, while if it slips below 59300, it may head towards the 59000–58700 zone.

OUTLOOK:

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

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

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

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