IGI Logo

Daily Commodity Market Updates

News in headlines:

* Gold Sees Some Relief as Dollar Retreats From 20-Year Highs

* Oil prices slip as inflation woes outweigh possible OPEC+ output cuts

* Oil Rally Pauses Seeking More Clarity on OPEC+ Cuts

Chart of the day:

CRUDEOIL:

CRUDEOIL is continuing its bullish momentum and there are no signal of weakness where 8050 is an immediate target levels. On the downside 7600 intraday and immediate support level. While below 7600 lead further weakness toward 7500-7400 levels.

Technical View:

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

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

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

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.swastika.co.in/disclaimer
SEBI Reg. No. :  NSE/BSE/MSEI: INZ000192732

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer