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Daily Commodity Market Updates

News in headlines:

* Gold Buoyed by Weak Dollar as Silver Gets Boost From U.S. Data

* Oil Rises to Four-Week High as U.S. Crude Stocks Decline

* Oil Climbs From Four-Week High After U.S. Crude Stockpiles Fall

Chart of the day:

CRUDEOIL: CRUDEOIL is consolidating in the range of 5530-5300 where move above 5530 can lead sharp upside towards 5600-5650 while if it slips below 5350 it may head towards 5300-5280 levels.

Technical View:

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

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

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

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