02-02-2022 11:26 AM | Source: Swastika Investmart Ltd
COPPER is consolidating in the range of 732-760 - Swastika Investmart
News By Tags | #473 #2911

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COMMODITY OUTLOOK

News in headlines:

* Oil rises after draw in U.S. stocks, eyes on OPEC+ decision

* U.S. Crude Stocks Fell Last Week but Gasoline Ballooned Further - API

* Oil Prices Hold Ahead of OPEC; More US Inventory Builds Seen

Chart of the day:

COPPER:COPPER is consolidating in the range of 732-760 where move above 760 can lead some upside towards 765-770 while if it slips below 740 it may head towards 735-732 levels.

Technical View:

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

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

* Base metals: Day trend in base metal is indicating to sideways to upside.

 

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