Energy: Day trend is indicating sideways in Crude oil & sideways to upside in Natural gas - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil slips as weak Chinese data fuels demand concerns
* Oil prices fall on demand fears, headed for second weekly loss
* Gold, copper buoyant as dollar falls sharply on Fed pause bets
CHART OF THE DAY
ZINC: Zinc is continuing its bullish momentum, and there are no signals of weakness where 218–220 is an immediate target level. On the downside, the 210 intraday and immediate support levels While below 210 leads to further weakness towards 208– 205 levels
OUTLOOK:
* Bullion: Day trend is indicating to sideways to upside in Gold &Silver.
* Energy: Day trend is indicating sideways in Crude oil & sideways to upside in Natural gas
* Base metals: Day trend is indicating sideways to upside in all base metals.
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