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Daily Commodity Market Updates

News in headlines:

* Omicron Dampens Fuel Demand, Prices Drop

* Oil prices drop 2% as rapid Omicron spread dims fuel demand outlook

* Asia stocks, oil prices suffer as Omicron spreads

Chart of the day:

CRUDE OIL: CRUDE OIL is consolidating in the range of 5300-5520 where move above 5520 can lead good upside towards 5600-5650 while if it slips below 5300 it may head towards 5250-5200 levels.

Technical View:

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

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

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

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