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Daily Commodity Market Updates

News in headline:

* Oil extends gains as risk appetite improves, U.S. inventories fall

* Russia cuts gas flows further as Europe urges energy saving

* Crude Jumps 2% as Gasoline Stocks Tumble on Pump-Price Drop

Chart of the day:

The prices of CRUDEOIL are trading in the sideways zone where a pullback towards the level of 8000 can be seen, so buy on dips can be initiated at the current levels.

Technical View:

* Bullion: Day trend in Gold and Silver are trading at support levels but facing resistance at higher levels.

* Energy: Day trend is mixed in Crude oil and Natural gas.

* Base metals: Day trend in base metal are in the sideways zone.

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