Energy: Day trend is indicating sideways to upside in Crude oil & downtrend in Natural gas - Swastika Investmart
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DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil prices rise on hopes for China demand boost
* Japan asks its insurers to retain marine war cover for LNG shippers in Russian waters
* Caught in the crossfire, Peru protest deaths keep anger burning
CHART OF THE DAY
COPPER: COPPER has given close with green note around 727, in daily chat found breakout above 715 levels, upside it has an immediate target of 735-740, on the downside it has an intraday immediate support level of 720-715 while below 710 it may head towards 700-695 levels.
OUTLOOK:
* Bullion: Day trend is indicating uptrend in Gold &Silver.
* Energy: Day trend is indicating sideways to upside in Crude oil & downtrend in Natural gas
* Base metals: Day trend is indicating Sideways to upside in all base metals.
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