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:
* Tesla in pole position in Norway's race to EV goal
* Oil slides after IMF says slowing global growth engines portend tougher 2023
* Gold closes in on 6-mth high, markets look to smaller Fed rate hikes
CHART OF THE DAY:
SILVER: SILVER has given close with green note around 69578, in daily chat it consolidate the wide range of 68200-69900, fresh breakout possible either side of this range, short term trend is bullish, downside it has good support around 68600, on the upside it has an intraday immediate resistance of 69900.
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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