02-09-2023 11:47 AM | Source: Swastika Investmart Ltd
Copper is consolidating in the range of 765-780 - Swastika Investmart
News By Tags | #473 #2911

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COMMODITY OUTLOOK

DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE:

* Oil cools after 3-day rally amid Fed uncertainty, U.S. inventory build

* Gold edges lower as markets reassess rate hike outlook

* White House says blog post on Nord Stream explosion 'utterly false'

CHART OF THE DAY:

 

COPPPER: COPPPER is consolidating in the range of 765-780, where a move above 780 can lead to some upside towards 787-795, while if it slips below 765 it may head towards the 760-755 zone.

 

OUTLOOK:

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

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

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

 

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