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Daily Commodity Market Updates

News in headlines:

* Copper Prices Hammered by Bleak Economic Outlook, Gold Dips

* Oil Hovers Near 6-Mth Lows as China Woes, Saudi Supply Glut Weigh

* Oil prices fall as recessionary worries weigh on demand outlook

Chart of the day:

COPPER

COPPER: COPPER is consolidating in the range of 677-673 where move above 677 can lead some upside towards 682-686 while if it slips below 673 it may head towards 665-660 zone.

Technical View:

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

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

* Base metals: Day trend is indicating sideways to upside in all base metals.

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