IGI Logo

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.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.swastika.co.in/disclaimer
SEBI Reg. No. :  NSE/BSE/MSEI: INZ000192732

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer