Energy: Day trend is indicating downtrend in Crude oil & Natural gas - Swastika Investmart Ltd
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil struggles to recover as economic outlook darkens
* Oil prices recover on short-covering, U.S. debt ceiling fears weigh
* Gold dented as markets rethink Fed rate cuts, copper slides
CHART OF THE DAY
SILVER:
SILVER yesterday witnessing sharp selling pressure from resistance of 76600-77000 levels, on the upside it has an immediate resistance of 75500, on the downside below 73800 it may head toward 73500-73000 levels. Traders are advised to stay with the momentum with the “Sell on rise” approach.
OUTLOOK:
* Bullion: Day trend is indicating to downtrend in Gold &Silver.
* Energy: Day trend is indicating downtrend in Crude oil & Natural gas
* Base metals: Day trend is indicating sideways to downside in all base metals.
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