CRUDEOIL is continuing its bullish momentum, and there are no signals of weakness where 6900 -6950 - Swastika Investmart
COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATE
NEWS IN HEADLINE :
* Oil steadies near 4-mth high after supply cuts, inflation cues awaited
* Gold prices edge higher, copper flat ahead of inflation cues
* Oil extends gains, hovers at four-month highs on OPEC+ cuts
CHART OF THE DAY
CRUDEOIL: CRUDEOIL is continuing its bullish momentum, and there are no signals of weakness where 6900–6950 is an immediate target level. On the downside, 6745 is the intraday and immediate support level. While below 6745 leads to further weakness towards 6700-6650 zone.
OUTLOOK:
* Bullion: Day trend is indicating sideways to upside in Gold &Silver.
* Energy: Day trend is indicating uptrend in Crude oil & Natural gas
* Base metals: Day trend is indicating uptrend in all base metals
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