Crude oil is showing strength from a lower level in the previous trending session - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Gold prices set for strong week as bank jitters spur safe haven demand
* Biden administration tells Supreme Court Big Oil climate cases belong in state court
* Oil climbs on Saudi, banking assurances; U.S. crude still under $70
CHART OF THE DAY
CRUDEOIL: Crude oil is showing strength from a lower level in the previous trending session, but 5750 is an immediate resistance level and 5650 is an immediate support level. While above 5750, further strength will lead towards the 5780-5800 zone.
OUTLOOK
* Bullion: Day trend is indicating to Uptrend in Gold &Silver.
* Energy: Day trend is indicating Downtrend in Crude oil & Natural gas
* Base metals: Day trend is indicating Sideways in all base metals.
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