Copper is continuing its bullish momentum, and there are no signals of weakness after the fresh breakout above 719 - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil eases ahead of China, US data, but OPEC+ cuts support market
* Canadian port strike talks resume, supported by federal mediators
* Mexican Pemex estimates platform fire shut in 700,000 barrels of oil
CHART OF THE DAY
COPPER: Copper is continuing its bullish momentum, and there are no signals of weakness after the fresh breakout above 719. It has an immediate target level of 727–730. On the downside, 717 intraday and immediate support levels While below 717 leads to further weakness towards 712–710 levels.
OUTLOOK:
* Bullion: Day trend is indicating sideways to upside in Gold &Silver.
* Energy: Day trend is indicating sideways to upside in Crude oil & Natural gas
* Base metals: Day trend is indicating sideways to upside in all base metals.
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