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01-01-1970 12:00 AM | Source: Swastika Investmart Ltd
Crudeoil is trading in a narrow range and next move will be seen after the range breakout - Swastika Investmart
News By Tags | #473 #2911

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COMMODITY OUTLOOK

DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE:

* Oil prices edge lower, set for weekly losses as Fed fears weigh

* Gold sinks on rate hike fears, copper outperforms this week

* Singapore Non-oil Domestic Exports (NODX) for January +0.9% m/m (expected -1.2%)

CHART OF THE DAY:

CRUDEOIL:

CRUDEOIL is trading in a narrow range and next move will be seen after the range breakout ,however 6460 is an immediate support level and 6550 is immediate resistance level . While above 6550 lead further strength towards 6580-6600 zone.

OUTLOOK:

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

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

* Base metals: Day trend is indicating Sideways in all base metals.

 

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