Energy: Day trend is indicating Sideways in Crude oil & Natural gas - Swastika Investmart
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil prices dip as markets seek more clarity on Fed, SPR restocking
* Gold's new year rally cools at 7-month highs, more Fed cues awaited
* Tokyo CPI inflation rises more than expected to 40-year high in Dec
CHART OF THE DAY:
GOLD: GOLD showing strength in recent days but also facing resistance in upper range , however 55500 is an immediate support level and 56000 is immediate resistance level . While above 56000 lead further strength towards 56200-56300 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 Uptrend in all base metals.
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