Copper is continuing its bullish momentum and there are no signal of weakness where 652- 655 is an immediate target level - Swastika Investmart
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Daily Commodity Market Updates
News in headlines:
* Oil Sinks Further Amid China Concerns, Weakened Economic Prospects
* Oil prices edge higher as U.S. dollar eases
* Gold Pressured Near $1,650, Copper Muted on Economic Fears
Chart of the day:
COPPER: COPPER is continuing its bullish momentum and there are no signal of weakness where 652- 655 is an immediate target level. On the downside 648 intraday and immediate support level. While below 648 lead further weakness toward 644-640 levels.
Technical View:
* Bullion: Day trend is indicating to sideways to sideways in Gold & Silver.
* Energy: Day trend is indicating sideways in Crude oil & downtrend in Natural gas.
* Base metals: Day trend is indicating sideways to upside in all base metals.
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