Energy: Day trend is indicating sideways to upside in Crude oil & Natural gas - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil moves little as markets await more Fed cues
* Oil falls as economic fears weigh against potential crude draw
* Gold pinned below $2,000 as Fed jitters offset safe haven appeal
CHART OF THE DAY
GOLD: GOLD is witnessing a pullback from important support level of 59400 after a meaningful correction however the overall texture is still weak where 60300-60400 will be the first hurdle while 61000 will be a critical supply zone. On the downside, 59000 will be the first support zone.
OUTLOOK
* Bullion: Day trend is indicating to sideways to upside in Gold &Silver.
* Energy: Day trend is indicating sideways to upside in Crude oil & Natural gas
* Base metals: Day trend is indicating sideways in all base metals.
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