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Daily Commodity Market Updates

News in headlines:

* Oil prices extend losses on demand worries

* Gold Set For Weekly Gains as Recession Fears Grow, U.S. Jobs Data awaited

* Global energy crisis drives rethink of nuclear power projects

CRUDEOIL: CRUDEOIL is continuing its bearish momentum and there are no signal of recovery where 6900 is an immediate target level. On the upside 7300 intraday and immediate resistance level. While above7300 lead further strength toward 7380-7450 levels.

Technical View:

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

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

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

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