Crudeoil showing strength in recent days due to uncertain global cues - Swastika Investmart
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DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Turkey discovers new natural gas reserve of 58 billion bcm in Black Sea
* Gold prices rise, silver unchanged; yellow metal trading at Rs 54,480
* Oil rises in thin trade on concerns over U.S. storm impact
CHART OF THE DAY
CRUDEOIL: CRUDEOIL showing strength in recent days due to uncertain global cues , however 6850 is an immediate support level and 6950 is immediate resistance level . While above 6950 lead further strength towards 7050-7100 zone.
OUTLOOK:
* Bullion: Day trend is indicating to Sideways in Gold &Silver.
* Energy: Day trend is indicating Sideways in Crude oil & Natural gas
* Base metals: Day trend is indicating Sideways in all base metals.
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