COPPER is consolidating in the range of 830-810 where move above 830 can lead some upside towards 835-840 - Swastika Investmart
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COMMODITY TECHNICAL OUTLOOK
Oil falls, pressured by China lockdowns, reserves release
Global energy spending set to reach record high of over $2 trillion in 2022, led by oil and gas
US natural gas storage reverses flow as final draw drops stocks below 1.4 Tcf
Chart of the day:
COPPER: is consolidating in the range of 830-810 where move above 830 can lead some upside towards 835-840 while if it slips below 810 it may head towards 800-795 levels.
Technical View:
Bullion: Day trend is indicating sideways in Gold & Silver.
Energy: Day trend is indicating downtrend in Crude oil & uptrend in Natural gas.
Base metals: Day trend in base metal is indicating sideways to downside.
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