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COMMODITY OUTLOOK

DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE

* Oil prices recover from 2023 lows on China optimsim, weak dollar

* Gold prices hold above $1,900 as CPI data looms

* U.S. crude stocks up 1.155M barrels last week, fuel balances drop big - API

CHART OF THE DAY

CRUDEOIL: The Crudeoil broke all its important support in the previous trading session, but 5950is an immediate support level and 6060 is an immediate resistance level. While above 6060, further strength will lead towards the 6080-6100 zone.

OUTLOOK.

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

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

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

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