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CRUDEOIL showing weakness in recent days due to uncertain global market demand - Swastika Investmart
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DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil prices nurse steep losses as markets look to Fed minutes
* Gold steadies ahead of Fed minutes, copper slammed by China fears
* Gold nears 7-month peak as recession warnings empower safe havens
CHART OF THE DAY
CRUDEOIL: CRUDEOIL showing weakness in recent days due to uncertain global market demand , however 6400 is an immediate support level and 6500 is immediate resistance level . While above 6500 lead further strength towards 6520-6540 zone.
OUTLOOK:
* Bullion: Day trend is indicating to Sideways in Gold &Silver.
* Energy: Day trend is indicating Sideways in Crude oil & Natural gas
* Base metals: Day trend is indicating Uptrend in all base metals.
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