Bullion: Day trend is indicating uptrend in Gold & Silver - Swastika Investmart
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DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE:
* Oil prices rebound from new year tumble, U.S. inventories in focus
* Oil prices rebound after opening the year with steep losses
* Gold nears 7-month high as Fed minutes indicate slower rate hikes
CHART OF THE DAY:
CRUDEOIL:
CRUDEOIL yesterday gave a close with a big bearish candle around 6122, and yesterday it gave a breakdown below 6350. On the upside, it has intraday immediate resistance around 6300, while below 6100 it may head toward 6000–5900 below.
OUTLOOK:
* Bullion: Day trend is indicating uptrend in Gold &Silver.
* Energy: Day trend is indicating downtrend in Crude oil & downtrend in Natural gas
* Base metals: Day trend is indicating mixed move in all base metals.
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